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Stamp Duty in Tamilnadu

Stamp duty must be paid on all documents that are registered in India under the Registration Act. The rate of stamp duty varies from state to state and would depend on the type of transaction being undertaken like sale, lease, gift, mortgage, etc., Further, stamp duty rates can also vary based on whether the registrant of document is a male, female or legal corporate entity like company or LLP. In this article, we look at stamp duty rates in Tamilnadu.

Property Registration – Conveyance (Sale Deed Registration)

Stamp Duty: 7% of the market value of the property.

Registration Fee: 1% of the market value of the property.

Gift Deed Registration

Stamp Duty: 7% of the market value of the property.

Registration Fee: 1% of the market value of the property.

Exchange Deed Registration

Stamp Duty: 7% of the market value of the property having higher value.

Registration Fee: 1% of the market value of the property.

Simple Mortgage Registration

Stamp Duty: 1% of the loan amount, subject to a maximum of Rs.40,000.

Registration Fee: 1% of the loan amount, subject to a maximum of Rs.10,000.

Mortgage with Possession

Stamp Duty: 4% of the loan amount, subject to a maximum of Rs.40,000.

Registration Fee: 1% of the loan amount, subject to a maximum of Rs.2,00,000.

Agreement to Sale

Stamp Duty: 4% of the loan amount, subject to a maximum of Rs.40,000.

Registration Fee: 1% of the loan amount, subject to a maximum of Rs.2,00,000.

Cancellation

Stamp Duty: Rs. 50

Registration Fee: Rs. 50

Partition Deed – Amongst Family Members

Stamp Duty: 1% on the market value of the property but not exceeding Rs.10000/- for each share.

Registration Fee: 1% subject to a maximum of Rs.2000/- for each share.

Partition Deed – Amongst Non-Family Members

Stamp Duty: 4% on the market value of the property for separated shares.

Registration Fee: 1% on the market value of the property for separated shares.

General Power of Attorney to Sell Immovable Property

Stamp Duty: Rs. 100

Registration Fee: Rs.10,000 Property Registration

General Power of Attorney to Sell Movable Property & Others

Stamp Duty: Rs. 100

Registration Fee: Rs.50

Power of Attorney Given for Consideration

Stamp Duty: 4% on Consideration

Registration Fee: 1% on Consideration

Settlement Deed – In favour of Family Members

Stamp Duty: 1% On the market value of the property but not exceeding Rs.10000/-

Registration Fee: 1% on the market value of the property subject to a maximum of Rs.2000/-

Settlement Deed – Other Cases

Stamp Duty: 8%  on the market value of the property

Registration Fee: 1% on the market value

Partnership Deed – Less than Rs.500 Capital

Stamp Duty: Rs.50

Registration Fee: 1% on the capital invested

Partnership Deed – More than Rs.500 Capital

Stamp Duty: Rs.300

Registration Fee: 1% on the capital invested

Deposit of Title Deed

Stamp Duty: 0.5% on loan amount, subject to a maximum of Rs.25000/-

Registration Fee: 1% on loan amount subject to a maximum of Rs 5000/-

Release Deed – Amongst Family Members

Stamp Duty: 1% on the market value of the property but not exceeding Rs.10000/-

Registration Fee: 1% on the market value of the property subject to a maximum of Rs.2000/-

Release Deed – Amongst Non-Family Members

Stamp Duty: 8% on the market value of the property

Registration Fee: 1% on the market value of the property

Lease Deed – Below 30 Years

Stamp Duty: 1% of the total amount of rent, premium, fine, etc.,

Registration Fee: 1% subject to a maximum of Rs.20000/-

Lease Deed – Up to 99 Years & Above 30 Years

Stamp Duty: 4% of the total amount of rent, premium, fine, etc.,

Registration Fee: 1% subject to a maximum of Rs.20000/-

Lease Deed – More than 99 Years

Stamp Duty: 8% of the total amount of rent, premium, fine, etc.,

Registration Fee: 1% subject to a maximum of Rs.20000/-

Trust Registration

Stamp Duty: Rs.180

Registration Fee: 1% of the amount