Purchasing property is a significant investment that involves various legal and financial obligations. Among these are stamp duty and registration charges, which are essential components of the property acquisition process in India, including the state of Bihar.
But our stamp-duty calculator makes it simple to check how much you will be paying, helping you take charge of your home ownership plans.
This article explores the stamp duty and property registration charges in Bihar as of 2024, providing potential property buyers with the information to apply online and detailed steps to help you pay property registration fees digitally.
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Property Registration Charges in Bihar
| Gender | Charges |
|---|---|
| Female | 1.9% |
| Male | 2.1% |
| Joint Ownership | 2% |
| Transfer From Female to Male | 2.1% |
| Transfer From Male to Female | 1.9% |
| Others | 2% |
Stamp Duty Charges in Bihar
Understanding stamp duty charges is essential for anyone looking to buy a home or invest in property.
| Gender | Stamp Duty Charges |
|---|---|
| Female | 5.7% |
| Male | 6.3% |
| Others | 6% |
Property Registration in Bihar Steps 2024
- Login/Registration
- Registered Users: Open the digital property registration portal and enter your email/mobile number, password, and captcha to log in.
- New Users: Click on ‘New Registration’ and provide the required details.
- Account Activation
- Verify your account using the OTP sent to your registered mobile/email.
- Verify your account using the OTP sent to your registered mobile/email.
- Enter Property Details
- Log in and input property details.
- Upload the necessary property documents and click ‘Save.’
- Make Online Payment
- Select the payment mode and complete the payment process.
- Receive an eStamp, registration number, and acknowledgment slip.
- Schedule Appointment
- A time slot will be automatically assigned for visiting the sub-registrar’s office.
- A time slot will be automatically assigned for visiting the sub-registrar’s office.
- Visit Sub-Registrar’s Office
- Buyer, seller, and two witnesses must visit the office with all original documents, identity, and address proofs.
- Complete biometric verification, including signatures, photographs, and fingerprints.
- Completion of Registration
- The sub-registrar verifies documents and concludes the registration process.
Obtaining Land and Property Information in Bihar
To access detailed information about land or property in Bihar, you can follow these steps:
- Visit the Bhumijankari Website: Navigate to the official Bhumijankari portal.
- Enter Relevant Details: Provide necessary information such as the area, location, deed number, mauja, land value, serial number, plot number, and other pertinent details.
- Search: Click the search button to retrieve comprehensive information about the property.
Property Registration Act of Bihar – Section 25
According to Section 25 of the Bihar Registration Act, all property registration documents must be submitted to the Registrar’s office within four months from the date of registration.
Non-compliance with this requirement can result in a penalty amounting to up to ten times the standard registration fees in Bihar.
Stamp Duty Requirements in Bihar
When registering a property and paying stamp duty in Bihar, it’s essential to adhere to the following guidelines regarding documentation:
- Paper Specifications: All documents must be printed on plain white A-4 size paper, specifically using Executive Bond paper.
- Maps and Plans: Any maps or plans related to the property should also be printed on A-4 size bond paper.
- Document Consistency: Both parties involved in the property transaction must provide identical sets of documents during the registration and stamp duty process.
Industrial Exemptions on Stamp Duty and Registration Fees
The Bihar government has implemented exemptions to encourage industrial development:
- Stamp Duty and Registration Fees Waived: Properties designated for industrial use are exempt from stamp duty and registration charges.
- 100% Exemption for Industrial Transactions: This exemption applies to land that is leased, transferred, or sold for industrial purposes, whether located within industrial zones or elsewhere.
- Objective: These measures aim to reduce the cost of land for industries, making it more affordable and attractive for business investments.
Factors Affecting Stamp Duty Charges in Bihar
When securing a home loan in Bihar, it’s vital to consider the various factors that affect stamp duty charges. These costs can significantly impact the overall affordability of your property purchase, influencing your budgeting and financial planning.
- Property value: The cost of the property directly influences the stamp duty amount. Higher-valued properties typically incur larger stamp duty charges.
- Property location: Stamp duty rates vary by state and sometimes even by city or district within a state.
- Property type: Different rates may apply to residential, commercial, or industrial properties.
- Buyer’s gender: Some states offer lower rates for women buyers to encourage property ownership among women.
- Property age: Newer properties might have different rates compared to older ones in some regions.
- Urban vs. rural areas: Some states have different rates for properties in urban and rural areas.
- Nature of the transaction: Whether it’s a sale, gift, or lease can affect the applicable stamp duty rate.
How To Use Credit Dharma’s Stamp Duty Calculator?
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- Go to the Credit Dharma Stamp Duty Calculator page.
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- Choose the state where you intend to purchase your property from a drop-down menu.
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- Type in the total value of the property you’re planning to buy.
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- Specify the gender of the buyer.
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- The calculator will display the calculated stamp duty and registration charges.
How to Pay Stamp Duty in Bihar?
Documents Required For Paying Stamp Duty in Bihar
Prepare all necessary paperwork in order simplifies the transaction and avoids delays in the property buying journey:
| Category | Documents Required |
|---|---|
| Property Ownership Transfers | Deed of Partition Reconveyance of Mortgaged Property Gift Deed Exchange deed |
| Financial and Security Instruments | Mortgage Deed Certificates of Sale |
| Occupancy and Use Agreements | Tenancy Agreement Lease Deeds |
| Legal and Authority Delegations | Power of Attorneys Licence Agreement |
Stamp Duty Concessions
Stamp duty concessions are a strategic tool used by governments to promote homeownership by making it more financially accessible. These benefits and reductions are designed to lower the entry barriers for buyers, encouraging more individuals and families to invest in their own homes.
Reduced Stamp Duty Rates for Women:
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- Women may pay a lower rate of stamp duty compared to men.
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- This differential rate aims to promote property ownership among women, contributing to their financial independence and empowerment.
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- The exact discount can vary by region, but it’s typically around 1-2% lower than the rate for men.
Stamp Duty Concessions:
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- Many states offer reduced stamp duty rates for first-time homeowners to make property ownership more accessible and affordable.
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- First-time buyers might also qualify for additional tax benefits on the stamp duty paid, under certain conditions.
Joint Ownership Incentives:
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- This is applicable only on properties registered under joint names with a woman as one of the owners.
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- Some jurisdictions offer a reduction in stamp duty rates, further encouraging joint ownership.
Stamp Duty and Registration Charges For All States
| State | Stamp Duty -Male | Stamp Duty -Female | Registration Charges |
|---|---|---|---|
| Andhra Pradesh | 5% | 5% | 1% |
| Arunachal Pradesh | 6% | 6% | 1% |
| Assam | 6% | 5% | 8.50% |
| Bihar | 6.30% | 5.70% | 1% |
| Chhattisgarh | 5% | 4% | 1% |
| Goa | 3.5% – 5% | 3.5% – 5% | 1% |
| Gujarat | 4.90% | 4.90% | 1% |
| Haryana | 7% | 5% | 1% |
| Himachal Pradesh | 5% | 5% | 1% |
| Jharkhand | 4% | 4% | 1% |
| Karnataka | 2% – 5% | 2% – 5 | 1% |
| Kerala | 8% | 8% | 2% |
| Madhya Pradesh | 7.50% | 7.50% | 1% |
| Maharashtra | 6% | 5% | 1% |
| Manipur | 7% | 7% | 3% |
| Meghalaya | 9.90% | 9.90% | 1% |
| Mizoram | 9% | 9% | 1% |
| Nagaland | 8.25% | 8.25% | 1% |
| Odisha | 5% | 4% | 1% |
| Punjab | 4.75% | 2.75% | 1% |
| Rajasthan | 6% | 5% | 1% |
| Sikkim | 5% | 5% | 1% |
| Tamil Nadu | 4% | 4% | 2% |
| Telangana | 5% | 5% | 1% |
| Tripura | 5% | 5% | 1% |
| Uttarakhand | 5% | 3.75% | 1% |
| Uttar Pradesh | 7% | 5% | 1% |
| West Bengal | 6% – 7% | 6% – 7% | 1% |
| Delhi | 6% | 4% | 1% |
| Daman & Diu | 6% | 4% | 0.50% |
| Jammu and Kashmir | 7% | 3% | 1.20% |
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Familiarising yourself with the stamp duty and registration charges in Bihar is essential for any property transaction. By understanding these expenses upfront, you can better plan your finances and avoid surprises during the home buying process. Remember, stamp duty and registration charges are significant factors in your overall budget.
Ready to take the next step in your home buying journey?
Credit Dharma is here to help you beyond just calculating stamp duty. Our expert team can guide you through the entire home loan process, offering competitive rates and personalised solutions to match your unique financial situation. Contact Credit Dharma today to explore your home loan options and turn your homeownership dreams into reality!
Estimated reading time: 9 minutes
Frequently Asked Questions
The buyer of the property is typically responsible for paying stamp duty, although specifics can vary based on local laws and agreements.
Stamp duty is usually calculated as a percentage of the property’s purchase price or the market value, whichever is higher.
If you don’t pay stamp duty on documents that need it, you could face serious issues. Courts won’t allow these documents as evidence, making disputes hard to resolve. Plus, authorities might hold them until you pay the duty and any extra fines, which can be quite hefty.
All real estate transactions require stamp duty, except when properties are transferred through a Will.
Yes, stamp duty rates and regulations vary significantly across different states and territories, reflecting local real estate market conditions and government policies.
The current stamp duty rates in Bihar are 6.30% for female owners and 5.70% for male owners.
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