Stamp duty and Registration charges in Ahmedabad, Gujarat (2024)
- Category: Commercial
- Date 26-02-2024
The government has levied registration charges and stamp duty to legitimise any real estate transaction in India. Knowing payable stamp duty and registration charges is necessary for aspiring homebuyers planning to purchase property in Ahmedabad, Gujarat. Continue reading to explore the latest stamp duty and registration charges in Ahmedabad levied on real estate transactions.
In Ahmedabad, stamp duty is charged at 4.9 percent and the registration fee is one percent of the market price of the property or the transaction value, whichever is higher. As per the latest updates by the State government, female property owners are exempted from the registration fee. This registration fee waiver for female buyers is aimed at empowering women and motivating more families to register properties in the name of female family members.
Registration charges in Gujarat in 2024
Registration charges in Gujarat in 2023 are 1 percent of the market price of the property or the transactional value. Whichever is higher amongst the two, will attract the registration charge. Below mentioned are the registration charges as levied by the government of Gujarat-
| Particulars | Percentage |
|---|---|
| For male | 1 percent |
| For female | 0 percent (No registration fees) |
| For joint (male and female) | 1 percent |
| For joint (female and female) | 0 percent (No registration fees) |
Stamp duty in Ahmedabad, Gujarat in 2024: How to calculate?
Stamp duty calculation in Ahmedabad, Gujarat is done on circle rates/ready reckoner rates/ market value of the property. Here are the steps to compute the stamp duty -
- Multiply the total value of your property to the stamp duty rate, i.e. 4.9 percent. The formula is Property value X 4.9/100
- The above formula will help you get the stamp duty applicable on your property
- Next, calculate the registration charges at 1 percent of the property value. The formula is Property value X 1/100
- Registration charges combined with stamp duty, when added to the property value will determine the total cost of your property