Stamp duty in Kerala is a crucial expense incurred when buying property. Gaining insight into stamp duty rates and the registration procedure can assist you in efficiently planning your property purchase budget in Kerala. Continue reading to find out about:
Stamp duty in Kerala is a tax imposed by the state government on property ownership transfers. It is a compulsory tax imposed on legal documents to authenticate property transactions, agreements, and various financial dealings.
It acts as evidence of ownership and is required to be paid at the time of property registration. The rate differs based on the state, nature of the transaction, and property value.
Follow this table to know the Kerala stamp duty rates and property registration charges:
Ownership Type | Stamp Duty | Property Registration Charges |
Man | 8% | 2% |
Woman | 8% | 2% |
Joint | 8% | 2% |
Here are the stamp duty in Kerala for different deeds:
Deed Type | Stamp Duty | Registration Fee |
Adoption Deed | Rs. 250 | Rs. 1,050 |
Mortgage (possession of property is given or agreed to be given) | Rs. 8 per Rs. 100 or part thereof for the amount secured in the deed | 2% for the amount secured |
Mortgage (possession of property is not given or agreed to be given) | Rs. 5 per Rs. 100 or part thereof for the amount secured in the deed | 2% for the amount secured |
Partition among all or any of the members of the family and legal heirs of the deceased family member, if any | Rs. 15 per Rs. 10,000 for the value or fair value, whichever is higher, of the separated share, subject to a minimum of Rs. 1,000 | 1% of the fair value or market value |
Partition (in any other case) | 6% of separated shares | 2% of separated shares |
Will | NIL | Rs. 525 |
Certificate of Sale (granted to the purchaser of any property sold by public auction by a Civil or Revenue Court, Govt., Collector, or Revenue Officer) | 8% | 2% |
Gift in Favour of Family Members or Legal Heirs of Deceased | Rs. 2 per Rs. 1,000 (Min: Rs. 1,000) | 1% of fair value or market value (whichever is higher) |
Gift in Favour of a Non-Family Person | 8% | 2% of fair value/ market value (whichever is higher) |
Lease (Less than 1 year) | Rs. 5 per Rs. 100 or part thereof of the total payable amount | 2% of the total sum payable under the lease |
Lease (1 to 5 years) | Rs. 5 per Rs. 100 or part thereof of the Average Annual Rent (AAR) | 2% of Average Annual Rent (AAR) |
Lease (5 to 10 years) | Rs. 8 per Rs. 100 or part thereof of AAR | 2% of AAR |
Lease (10 to 20 years) | Rs. 8 per Rs. 100 or part thereof of twice the AAR | 2% of twice the AAR |
Lease (20 to 30 years) | Rs. 8 per Rs. 100 or part thereof of thrice the AAR | 2% of thrice the AAR |
Lease (30 to 100 years) | Rs. 8 per Rs. 100 or part thereof of four times the AAR | 2% of four times the AAR |
Lease (Above 100 years) | Rs. 8 per Rs. 100 or part thereof of consideration equal to one-sixth of the whole amount | 2% of the one-sixth of the whole amount of the rent |
Power of Attorney (for the sole purpose of registration for a single transaction) | Rs. 50 | Rs. 210 |
The registration charges for a property transaction are 2% of the market value. This remains the same for all cities in Kerala, irrespective of gender.
Stamp duty in Kerala is calculated based on either the higher consideration value or the property transaction value mentioned in the sale deed.
For instance, if a property's value is Rs. 60,00,000 and the consideration rate is Rs. 40,00,000, the stamp duty will be applied to the property transaction value. Thus, the stamp duty calculation will be as follows:
There are two ways (online and offline) to pay your stamp duty in Kerala. Here is an explanation of both ways.
Unlike some states in India where the state government provides concessions and exemptions for women, in Kerala, you will not get such concessions. Therefore, the stamp duty and registration charges are the same for both male and female owners.
Stamp duty in Kerala and registration fees are key aspects of any property transaction. In Kerala, stamp duty is fixed at 8%, while registration charges are at 2%. Keeping up with Kerala's real estate regulations helps make informed decisions and avoid unexpected costs.
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