Payment Rates | Stamp Charges | Documents | Influencing Factors | Payment Methods | SHCIL | Process | FAQ
If you live in Andhra Pradesh and you are looking to buy a property, it is mandatory that you are aware of the stamp duty and property registration details in Andhra Pradesh. The stamp duty and property registration charges are absolutely compulsory and should you be involved in either buying or selling of property, you will need to pay these charges. These charges have been made mandatory by the court of law and non-payment of these charges will ensure that you will not be deemed as the legal and dutiful owner of the property.
The Andhra Pradesh property and land registration department makes it a point to see all the different transactions with regard to property dealing. Whenever a property transaction takes place, it becomes important to head to the office of the sub-registrar as there the details of the change of ownership are recorded in the books of law. This will be carried out in the presence of two witnesses, one from either side of the party. This is not all as the land registry office offers several other features and facilities as well.
As per the new guidelines issued by the state government, you can choose to head to any sub-registrar office that is close to your residence or office. This is because both offices that fall in the same district will have the same authority. So, you will not face any troubles whatsoever in getting through the process and completing the formalities as well.
Here, we are going to shed further light on the related aspects and will give you the full details with regard to the stamp duty and property registration payment charges.
The Payment Charge Details
Here is a snapshot of the details of the different property registration charges that will be incurred when you buy a property in Andhra Pradesh.
|Document Type||Registration Charges in Andhra Pradesh|
|Settlement||0.5 % (A minimum price of Rs.1000 and upper cap of Rs.10,000 is present)|
|Gift deed||0.5 %|
|Development Agreement cum General Power of Attorney||0.5 % (Subject to a maximum of Rs.20,000)|
|Agreement of Sale cum General Power of Attorney||Rs. 2000|
|Certificate of sale||0.5%|
|Power of Attorney for Consideration||0.5% (subject to a minimum of Rs.1,000 and maximum of Rs.20,000)|
|Power of attorney given to sell/construct/ develop / transfer of immovable Property||0.5% (subject to a minimum of Rs.1,000 and maximum of Rs.20,000)|
|Release||0.5% (subject to a minimum of Rs.1,000 and maximum of Rs.10,000)|
|Release of Deposit of Title Deeds||Rs. 1,000|
|Deposit of Title Deeds||0.1% (subject to a maximum of Rs. 10,000)|
|Agreement to sell/construct/develop of immovable property||0.5% (subject to a minimum of Rs.1,000 and maximum of Rs.20,000)|
It is important to know whether these charges are levied on the market or the transactional value of the property, whichever is the lower among the two.
Stamp Duty Rates
Different states have their charges for stamp duty rates and so if you are buying property in Andhra Pradesh, you need to check out the details of the stamp duty charges that are present. The different documents and papers have different rates and it is always advised to get the details handy so that you know the amount you will be paying.
This is a great way to assess the overall charges that will be incurred when you set out to buy a property. All the details are going to come in handy. So, draw a rough idea of what charges are likely to be a part of the property-buying process. You can also use a stamp duty calculator.
The Documents Needed
Here is the list of documents that you need to keep handy when you are looking to register the property
- The bill for the property tax payment
- Voter ID card
- The certified copy of the original sale deed
- The passport
- Passport-size photographs of the buyer and the seller
- The Aadhar card
- The property registrar card should be the latest version and is issued by the Survey Department of your city
So, make sure you have these documents handy when you want to carry out property registration in your city.
Factors That Influence Stamp Duty Charges
Here are some of the factors that influence the stamp duty and registration charges in Andhra Pradesh.
The area where the property is located is going to play a huge role in deciding the net charges you will pay. If your chosen property is located in a rural area or within municipal limits, the charges are going to be less as compared to the urban areas.
Age of the owner
The charges depend on the age of the owner. Senior citizens get some rebates as compared to the rest of the people. They will have to pay lower charges.
In most states, females are given some rebate as the stamp duty charges are lower for females as compared to men. However, this rule is not applicable in all states and so you should make sure to check on your end and then decide accordingly
Properties that offer a lot of amenities and services are likely to have more charges as compared to the very basic ones. This is why it is seen that high-rise commercial buildings with several facilities will come with higher charges.
So, these are the different factors that influence the stamp duty charges and when you are buying a property, you can ascertain these details to get a rough idea of which area is likely to incur a higher charge.
Methods Of Paying Stamp Duty In Andhra Pradesh
When it comes to paying stamp duty charges, there are three different methods that are available. They are franking, e-stamping, and stamp paper submission. You are free to choose the right method based on what you want and you can then decide the right course of action to pick.
When you use franking as the method, then you need to find the right franking machine and then pay the stamp duty there. You can also choose to visit the official website of the IGRS Andhra Pradesh for the sake of checking the franking machines and the exact location where it is available.
Here are the steps you need to follow.
- Head to the IGRS Andhra Pradesh website and then check out the vendor list online to procure the details
- Then head to the payment section and then click on the list of vendors
- You will land on a new page wherein you need to check the details from the dropdown
- Once you have chosen the right vendor, you then need to move to the next page wherein you will have to opt for district registration for the property
- Now you will land on the payment portal and there you can choose the preferred payment choice and get done with the details
Using the SHCIL Portal
The Andhra Pradesh government collaborated with the SHCIL portal to make the stamp duty and registration payment process easier. The SHCIL is a public limited company that is operated by the government of India. The main aim of this site so to carry out e-stamping in the different states of India.
The Reserve Bank of India has authorized the portal for both distributing and even taking the different savings and relief bonds that are associated with the different nationalized banks.
Here are the steps you need to follow the sake of paying the charges.
- Head to the SHCIL portal
- On the page, there is a drop-down list. Choose Andhra Pradesh from the list
- You then need to click on the button that reads login and enter your credentials
- When you have logged in to the site, you will then need to enter the details of your property and then pay the fees as stated
- Choose the payment method of your choice. Enter the particulars and then make the payment
The Method Of Stamp Duty And Property Registration In Andhra Pradesh
Here is the step-by-step process that you need to follow when you are looking to register your property.
- Check out the different market rates of the property in the area you want to buy a property in
- You should also keep an eye on the circle rate. The circle rate and the actual price need to be compared. The stamp rate is always calculated on the circle rate
- Once you have an average approximation of the cost, you then need to buy stamp paper with a non-judicial value of that amount
- Keep the list of documents handy with you. When you have all of it, you then need to head to the sub-registrar’s office. Both the parties need to be present there along with the witnesses
- The SRO will ask you for the information and check the details in the public data entry system. They will make a check slip in accordance with the details
- The officer in charge will then finish the KYC process and they will also take the fingerprint of both the parties involved. This biometric is important for authenticating the process
- The Aadhar cards are then checked and the applicants will then have to pay stamp duty charges, registration fees, and other payments too.
- The details are then duly printed and it is registered by the registrar the thumb impression is also affixed on the document as well as in the registry
- The registered document then needs to be duly scanned and submitted so that it can be accessed even by the customer where they want
- If there is some error and the verification fails, the applicant needs to ask for the amendment and then apply for the process all over again.
Wah is the current rate of stamp duty and registration charges in Andhra Pradesh?
The registration fee is 1% and there is a transfer duty of 1.5%. The stamp duty charges are currently at 5%
Can you pay the stamp charges online?
Most states now offer the provision for e-stamping and you too can choose to do so. Make sure to head to the official portal and check out the details
Is it compulsory to pay a stamp duty charge?
Yes, it is compulsory to pay these charges or else it will be considered to be a legal offence.