Hello Everyone,

Can anyone please throw some light on how much does it cost for stamp duty and registration of a group housing flat in Noida. I am not sure if Noida authority follows the property laws (of UP Govt) as applicable to Ghaziabad :). It would be highly appreciated if anyone could tell the process of it's calculation or share some source where this info could be found.

Thanks,

iAlam
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  • So does someone know definitive how much is stamp duty in noida. brokers tell me its 5%. is it really this much or different.
    Originally Posted by ialam
    Hello Everyone,

    Can anyone please throw some light on how much does it cost for stamp duty and registration of a group housing flat in Noida. I am not sure if Noida authority follows the property laws (of UP Govt) as applicable to Ghaziabad :). It would be highly appreciated if anyone could tell the process of it's calculation or share some source where this info could be found.

    Thanks,

    iAlam
    CommentQuote
  • http://www.indiahousing.com/stamp-duty-india.html


    Uttar Pradesh.
    Stamp duty 8 % + 2% additional duty under U.P. Town Improvement Act, 1919.
    Stamp duty on amount of value of consideration or market value whichever is greater.

    How do u interpret this......and are these values applicable for Noida also ..??
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  • that's the confusion, every broker I have talked to says stamp duty is 5% in Noida. just wanted to confirm with people here.
    Originally Posted by sunnyash
    http://www.indiahousing.com/stamp-duty-india.html


    Uttar Pradesh.
    Stamp duty 8 % + 2% additional duty under U.P. Town Improvement Act, 1919.
    Stamp duty on amount of value of consideration or market value whichever is greater.

    How do u interpret this......and are these values applicable for Noida also ..??
    CommentQuote
  • Originally Posted by alokgarg
    that's the confusion, every broker I have talked to says stamp duty is 5% in Noida. just wanted to confirm with people here.


    Stamp duty is 8% in UP. But Governement for last 2-3 years giving discount of 3% and it's 5% only. Last time it was extended till 31st March 2011.
    To save stamp duty lot of transaction happens on Power of attorney those who invest on short term.

    For Flat's, we need completion certificate issed by Noida authority to get it registered. If builder overshoots FAR or changed approved layout then NA might not give "Completion Certificate".

    So, we all have to make sure while taking possession we get completion certificate and do not fall in builder promise. Most of the builder include it in buyer agreement that possession means builder will issue complition certificate. I have checked mine.

    I have searched on internet that few projects in Gurgaon/Mumbai builder constructed extra floor and concerned authority not issued Completion even possession given in Year 2000. Now RWA fighting in court and sale purchase happening on POA means no loan from most of bank as title is not clear.

    It will be interesting to see if UP governemnt keep open the same 5% scheme or not in year 2013-14 when more than 1 lakh flats will be ready for registration.
    CommentQuote
  • Originally Posted by chandra2034
    Stamp duty is 8% in UP. But Governement for last 2-3 years giving discount of 3% and it's 5% only. Last time it was extended till 31st March 2011.
    To save stamp duty lot of transaction happens on Power of attorney those who invest on short term.

    For Flat's, we need completion certificate issed by Noida authority to get it registered. If builder overshoots FAR or changed approved layout then NA might not give "Completion Certificate".

    So, we all have to make sure while taking possession we get completion certificate and do not fall in builder promise. Most of the builder include it in buyer agreement that possession means builder will issue complition certificate. I have checked mine.

    I have searched on internet that few projects in Gurgaon/Mumbai builder constructed extra floor and concerned authority not issued Completion even possession given in Year 2000. Now RWA fighting in court and sale purchase happening on POA means no loan from most of bank as title is not clear.

    It will be interesting to see if UP governemnt keep open the same 5% scheme or not in year 2013-14 when more than 1 lakh flats will be ready for registration.



    There is no discount from UP Govt. bro.............!

    Few years back central govt forced all States to reduce the stamp duty to 5% (max) and registration charges at 2% maximum for availing funds under JNNURM.

    Hence, you will find same rate in all metro/ urban areas.

    Now there is a proposal to have uniform rate of 5% stamp duty in all urban places through out the country.
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  • what is the difference between stamp duty and registration charge ...
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  • yes please tell. if they are separate things, does it mean we have to pay 7% on price of flat.
    Originally Posted by nibha
    what is the difference between stamp duty and registration charge ...
    CommentQuote
  • Originally Posted by alokgarg
    yes please tell. if they are separate things, does it mean we have to pay 7% on price of flat.



    Stamp duty is the value of stamp papers you purchase (these days also franking in many places) to type/print the sale agreement of property.

    Registration charges is the amount you normally deposit in cash in Registrar office for registering the agreement.

    Two separate charges since 15-20 years back registration of agreement was not mandatory. Now it is.....
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  • this sucks a lot, I was thinking I will have to pay only 5% extra on total price. now it looks like 7%(and 2.5% service tax, if that survives court challenges).

    another question, are stamp duty and registration changes on base price or total price of flat.
    Originally Posted by Basant
    Stamp duty is the value of stamp papers you purchase (these days also franking in many places) to type/print the sale agreement of property.

    Registration charges is the amount you normally deposit in cash in Registrar office for registering the agreement.

    Two separate charges since 15-20 years back registration of agreement was not mandatory. Now it is.....
    CommentQuote
  • Almost 10% we pay as taxes , thats too much ....
    But I assume we are helpless
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  • What about property taxes that we have to pay every year ?

    Suppose we registered your flat and everything is done. So how much every year we have to pay property tax or any other tax ?
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  • Here is a question which NO one seems to have answer to:

    Is the stamp duty + registration charges of 7% (Ghaziabad) imposed on the total cost(basic+carpark+edc+idc+club+ifms) of the flat OR the Basic cost+car parking only ?
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  • Can someone please advise what is the current stamp duty and registration related charges for a multi storey apartmentin GNOIDA as on date? Is it 10% of registered value (8% stamp duty + 2% UP Town improvement charges)?
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  • Stamp duty in Noida/G Noida is 5% on BSP+parking.

    In Ghaziabad and other developed cities in UP it is 5+2=7%
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  • Some senior members pls guide us how much is the final overall charges for registering flat in Noida.
    1. Stamp papers
    2. Registry cost
    3. Legal Cost
    4. Any other cost associated after paying builder's dues.

    As this comes as a hidden cost which home buyers have to pay after settling all dues, any information will help us to plan the budget of the house as well.
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