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Guide to Stamp Duty and Registration Fees in Agra 2024

Aga, Uttar Pradesh's Taj Mahal and high-demand property due to infrastructure projects, attracts tourists. Stamp duty and registration fees are required for property registration.

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Stamp Duty and Registration Fees in Agra: Buying real estate in Aga is profitable for several reasons. In addition to being the home of the renowned Taj Mahal, this Uttar Pradesh city draws a lot of tourists each year due to its proximity to Delhi, the capital of the country. Property in Agra is in high demand, and prices have increased over the last five years due to several infrastructure projects, including the Jewar Airport, the Agra-Lucknow Highway, the Noida-Agra Highway, the Agra Metro rail project, etc. The taxes—stamp duty and registration fee—that buyers of real estate in Agra must pay to register their property should also be understood.

What is the stamp duty?

For those who are unaware, stamp duty is a state-imposed levy that a buyer of real estate must pay to get the title changed in his favor. Since land is a state subject under the Indian Constitution and states can create rules in this regard, stamp duty charges differ from state to state.

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Stamp Duty and Registration Fees in Agra

Owner Stamp duty as percentage of the property value Registration charge as a percentage of the property value Stamp duty and registration charge in rupees on a property worth Rs 10 lakh
Man 7% 1% Rs 70,000 + Rs 10,000
Woman 6%* 1% Rs 50,000* + Rs 10,000
Man + woman 6.5% 1% Rs 65,000 + Rs 10,000
Man + Man 7% 1% Rs 70,000 + Rs 10,000
Woman + woman 6% 1% Rs 50,000* + Rs 10,000

 

Women’s stamp duty in Agra in 2024

If a woman purchases a residence in Agra for less than Rs 10 lakh, she is eligible for a flat rebate of Rs 10,000 on her whole stamp duty bill. Each owner of a home purchased jointly by two women may be eligible for a rebate of up to Rs 20,000. The refund adjusts following each member’s share if their respective purchases are not made in a 50:50 split.

Stamp duty for women in Agra 2024 for property of up to Rs 10 lakh 

Owner Stamp duty Registration fee
Woman 6% 1%
Woman + woman 6% 1%

Stamp duty for women in Agra for property worth above Rs 10 lakh

Owner Stamp duty Registration fee
Woman 7% 1%
Woman + woman 7% 1%

 

2024 registration fee in Agra

In addition to the stamp duty required for property registration in Agra, there is an additional 1% registration tax that applies to both men and women.

Stamp duty on other deeds in Agra in 2024

Documents to be registered Stamp duty in Rs
Gift deed *5% of the property value

**Rs 5,000 in case of gifting in family members

Will Rs 200
Exchange deed 3%
Lease deed Rs 200
Agreement Rs 10
Adoption deed Rs 100
Divorce Rs 50
Bond Rs 200
Affidavit Rs 10
Notary Rs 10
Special power of attorney Rs 100
General power of attorney Rs 10 to Rs 100

Stamp duty on property gifting within a family in Agra in 2024

Property transfers between blood relations in Agra are subject to a standard stamp duty of Rs 5,000 following the passage of the Indian Stamp (Uttar Pradesh Amendment) Bill-2024 by the UP State Assembly on February 9, 2024. In addition to the stamp duty of Rs 5,000, an extra processing fee of Rs 1,000 must be paid.

Calculating stamp duty in Agra

Take into consideration a Rs. 10 lakh property.

Example 1: Single male owner

Stamp duty = Rs 70,000 (10,00,000 x 7%)

Registration charges = Rs 10,000

Total = Rs 80,000

Example 2: Single woman ownership

Stamp duty = Rs 70,000 (10,00,000 x 7%)

Rebate = Rs 10,000

Registration charges = Rs 10,000

Total = Rs 70,000

Example 3: Joint ownership between man and woman

Stamp duty = Rs 70,000 (10,00,000 x 7%)

Rebate = Rs 10,000

Registration charges = Rs 10,000

Total = Rs 70,000

Example 4: Joint ownership between two women

Stamp duty = Rs 70,000 (10,00,000 x 7%)

Rebate = Rs 20,000

Registration charges = Rs 10,000

Total = Rs 60,000

Documents required for property registration in Agra

  1. Agreement to sale
  2. Sale deed
  3. Encumbrance certificate
  4. Property tax receipts
  5. No-objection certificate
  6. Power of Attorney, if applicable
  7. Stamp duty and registration fee payment proof
  8. Occupancy certificate for new buildings
  9. Completion certificate for under-construction buildings
  10. TDS deduction certificate (applicable on properties worth over Rs 50 lakh))
  11. The PAN Card of the buyer
  12. The PAN Card of the seller
  13. Aadhaar card of the seller
  14. The aadhaar card of the buyer
  15. Passport-size photos of buyer and seller
  16. ID proof of buyer
  17. ID proof of seller
  18. ID proof of witnesses
  19. Address proof of buyer
  20. Address proof of seller
  21. Address proof of witnesses

Explaining Stamp Duty and Registration Charges in Lucknow

How can I register a property in Agra online?

Once the conveyance deed, which may be a transfer, gift, or sale deed, is ready, go to igrsup.gov.in, the official website of the Uttar Pradesh government’s Stamps and Registration Department.

You must select the “आवेदन करे” button located at the top and left of the homepage. You must now register as a user on the website by entering information about yourself, including your district, tehsil, and mobile number.

After creating an account on the igrsup.gov.in website and inputting the specifics of the property together with the buyer, seller, and two witnesses’ personal information, you may upload all the paperwork. Once you submit your application, the system will generate an application number. After that, you can schedule a meeting with the sub-registrar by selecting the “appointment of property registration” tab.

Visit the sub-registrar’s office (SRO) on the scheduled appointment day with the seller and two witnesses. Bring hard copies of the registration paperwork and the evidence of stamp duty payment. Your property will be registered and the documentation will be given to you following verification.

Ways to pay stamp duty in Agra offline

Homebuyers in Agra have two options for paying stamp duty and registration costs offline: they can go to the local sub-registrar office or use franking to pay at an authorized bank. The Sub-Registrar Office (SRO) is where the value of the property is appraised and the necessary stamp duty is calculated. Based on this evaluation, authorized stamp sellers can thereafter provide non-judicial stamp paper of the necessary value.

Authorized banks approve franking as an offline payment option. They add a denomination or use franking to stamp the document as proof of paid stamp duty. Payment can be made in cash or via a demand draft at the bank connected to the SRO. Banks and authorized agents use franking machines to simplify the process of affixing the necessary papers.

To Conclude,

Stamp duty payments are a legal requirement that all prospective homeowners must fulfill. These fees greatly raise the cost of purchasing real estate, so it is important to take this additional expense into account during the planning phase. It is important to note that banks do not include stamp duty and registration fees in their assessments of property values. This implies that you will have to cover this additional expense out of your wallet. On the other hand, Section 80C of the Income Tax Act allows you to claim an income tax deduction for amounts paid as stamp duty and registration fees. This benefit is provided up to the section’s yearly deduction cap of Rs 1.50 lakh.

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