Stamp Duty and Registration Charges in Kerala 2024: A Complete Guide

It is so difficult to find a house, but with excitement, interesting though, that one would naturally come across and understand many details with the registration charges imposed on stamp tiles. It is important that you pay these funds in order to clarify your responsibility and make the land contract legal. Because no one has ever really tried, or seen this before, the process of registration of fees, duties, and legal requirements will be less arduous and saves both beginner and seasoned buyer a lot of hardships alike.

So, here are a few pretty cool things in connection with stamp duty and registration charges that help effectively manage property registration.
How to pay stamp duty and registration charges in Kerala
For acquiring a title of ownership over immovable property in Kerala, one needs to register the property under the Registration Act of 1908 after purchase by paying the applicable stamp duty and registration fee. The registration department in Kerala can now facilitate the payment of these fees, and it is also available online for convenient and safe processing.
So here’s how you can do it: pay and register this online:
Register yourself or Sign Up: Visit the official Web site for Registration of Kerala and Self-Register.
Log on: Log on completely, click on ‘Document Registration’ from the deal and Fill in all the necessary details.
Choose a transaction type: Choose the nature of your deed of transaction, furnish witnesses’ information, and give information about the concerned property.
Produce payment: Pay required fees online.
Save the acknowledgment: Download your acknowledgement and take a hard copy of it for your files after making the payment.
When to Pay Stamp Duty and Registration Charges
The thing to do is to pay stamp duty and registration fees when one is about to register the property while applying for registration of documents such as sale deed or the like. Here is a detailed discussion on the issue of when to pay.
Before Registration: The document may not be registered without proper payment of the stamp duty.
On Registration: The fee of registration is the one that is normally taken when the document is brought to the office of the Sub-Registrar for registration.
Modes of Payments
E-Stamping: It is the easiest and safest way to pay stamp duty in Kerala.
Demand Draft or Challan: You can also pay through demand draft or the authorized government challan to the designated banks.
Fine for Delay: If the duty is not paid on the due date, some penalties or interest charges may apply to the State Government under the Indian Stamp Act.
Note: Prepare proper filing of all property-related documents if you have already stamped and attached them with due registration fee while processing this.
One of the main steps first is its calculation. The stamp duty for properties in Kerala is calculated either on the agreed price (consent to price) or estimated market value (market value of property). Thus, if a property is worth ₹ 40 lakh at cited consideration, the same property could also manage to equal ₹50 lakh in the open market. Remembering these aspects, the total amount that has to be paid forming the stamp duty and the registration fees is given on market value.
For example:-
Suppose, Fair Market Value: ₹50 lakh Stamp Duty: ₹50 lakh * 8% = ₹ 4 lakh Registration Fees: ₹50 lakh * 2% = ₹ 1 lakh Total Fees: ₹ 4 lakh + ₹ 1 lakh = ₹ 5 lakh
Documents to carry for the purpose of Property Registration. Thus, while registering your property and paying the stamp duty, you will have to take these documents:
Sale Deed
Identification cards (PAN, Aadhaar, Voter ID, etc.)
No Objection Certificates
Property Map and Photos
Identification detail of witnesses
The only point is that all documents must be complete and thus avoid all delays.
Factors influencing Stamp Duty Valuation in Kerala:
“Several factors can also influence the stamp duty value in Kerala. These are:
A buyer’s age:
There are no discounts in this category for senior citizens, but it can be discounted in future policies.
Use of the property:
The stamp violates a certain property: residential stamp duty can be different for commercial lands; the latter may attract more of such fees.
If location is taken into consideration:
Normally stamp duty rates vary according to the location of the property.
Benefits In Tax Due To The Payment of Stamp Duty
Paying registration and stamp duty is not limited to giving a legal right to property but some tax benefit also accrue.
There are some tax benefits pertaining to it as follows:
Under Section 80C you can take deductions for payment of stamp duty and registration fee to a maximum of Rs 1.5 lakhs under section 80C of the Income Tax Act.
Deductions on Home Loan: For property under construction, you can claim deductions on stamp duty and registration charges in five equal installments starting from the year when the property will be completed or handed over possession.
First-time buyers: There would be extra tax deductions made on stamp duty and registration fees allowed for the first time home buyers.
Stamp Duty for Residential vs. Commercial Properties
Stamp duty on commercial and residential property can be different. Generally, it will be higher on commercial properties since generally the properties have higher value.
The stamp duty would be the same at 8% for all properties but what differs is the use of a blanket amount of registration charges at 2% only for Kerala which turns out to be quite simpler for calculations.
Updates on Recent Changes (2024)
As of 2024, there were no significant changes made to the stamp duty in Kerala and its registration charges. It remains 8% of the stamp duty and 2% for registration charges. However, minor adjustments could be made by the government because of policy renewal, especially for very particular customers like old-age pensioners, women, or virgin buyers. Keep yourself updated to always make sure you are at the appropriate rates.
Conclusion
Thus, a deep understanding of the components of stamp duty and registration charge definite necessity for the smooth transaction of the property. Also, through proper calculation points, modes of payments as well as necessary documents required for stamping, evasion of impositions can be achieved and issuance of stamping to any property is made a legal paper.
When you are ready to buy your first house or to invest in real estate, a detailed knowledge about the various specifics of property registration in Kerala will give you the requisite information to plan out your options and then secure the dream property without hindrances.
To get full explanations and information about new changes, stay connected with Confident Group where we help you make smart property investment decisions through our up-to-date information on the property market.
If you need more clarification or assistance with your property-related transaction in Kerala, feel free to reach us. We are here to guide you through each step!