1. What is Registration?
Registration refers to the process of legally recording documents under the provisions of the Registration Act, 1908. This ensures legal ownership and protection of property and other assets.
2. Types of Documents
Sale Deed
- Stamp duty and transfer duty: 4% if the buyer is a woman, 6% if the buyer is a man.
- Registration fee: 1% of the total value of the Sale Deed + Rs. 100/- pasting charge.
- Both the seller and buyer must be present with identification documents such as Passport, Voter ID (Epic Card), Driving License, and PAN Card at the time of registration.
- Two witnesses with valid identification documents must also be present.
Will
- No stamp duty is required for the registration of a Will.
- Registration fee: Rs. 600/-
- The Testator (person making the Will) and two witnesses must be present at the time of registration.
Conveyance Deed
- For converting leasehold property into freehold property, stamp duty is 6% for men and 4% for women, payable through the Collector of Stamps/SDM.
- Registration fee: 1% of the total value of the Conveyance Deed + Rs. 100/- pasting charge.
- Payment must be made at the Sub-Registrar’s Office at the time of registration.
Gift Deed
- The property being gifted must be valued by an approved valuer.
- Stamp duty and transfer duty: 4% if the donee (recipient) is a woman, 6% if the donee is a man.
- Registration fee: 1% of the total property value + Rs. 100/- pasting charges.
Share Certificates
- Stamp duty: Re. 1/- per Rs. 1,000 or part thereof of the value of shares.
- Payment should be made at the Collector of Stamps/SDM office.
Where to Apply?
You need to apply at the Sub-Registrar’s (SR) Office of the concerned district. Locate the district office for your jurisdiction.
Response Time
The registration process typically takes up to 15 days for completion.
For expert assistance in property and document registration, consult Saptax Hub LLP, the Best Chartered Accountant Firm.
