Table of Contents
Among Indian states, stamp duty Tamil Nadu charges are one of the highest. This means when you buy a property in Chennai, you will need to reserve a significant amount towards the mandatory stamp duty and registration charges.
Stamp duty and registration charges for various documents in TN
| Document type | Stamp duty | Registration fee |
| Conveyance (Sale) | 7% of the market value of the property | 4% of the market value of the property |
| Gift | 7% of the market value of the property | 4% of the market value of the property |
| Exchange | 7% of the market value on the property that has the greater value | 4% of the market value on the property that has the greater value |
| Simple mortgage | 1% on the loan amount, subject to a maximum of Rs 40,000 | 1% on the loan amount, subject to a maximum of Rs 10,000 |
| Mortgage with possession | 4% of the loan amount | 1%, subject to a maximum of Rs 2,00,000 |
| Agreement to sale | Rs 20 | 1% on the money advanced (1% on total consideration if possession is given) |
| Agreement relating to construction of building | 1% on the cost of the proposed construction or the value of construction or the consideration specified in the agreement, whichever is higher | 1% on the cost of the proposed construction or the value of construction or the consideration specified in the agreement, whichever is higher |
| Cancellation | Rs 50 | Rs 50 |
| Partition among family members | 1% on the market value of the property, subject to a maximum of Rs 25,000 for each share | 1%, subject to a maximum of Rs 4,000 for each share |
| Partition among non-family members | 4% on the market value of the property for separated shares | 1% on the market value of the property for separated shares |
| i) General Power of Attorney to sell the immovable property | Rs 100 | Rs 10,000 |
| ii) General Power of Attorney to sell the immovable property (Power is given to a family member) | Rs 100 | Rs 1,000 |
| iii) General Power of Attorney to sell the movable property and for other purposes | Rs 100 | Rs 50 |
| iv) General Power of Attorney given for consideration | 4% on the consideration | 1% on the consideration or Rs 10,000, whichever is higher |
| Settlement in favour of family members | 1% on the market value of the property but not exceeding Rs 25,000 | 1% on the market value of the property, subject to a maximum of Rs 4,000 |
| Settlement in other cases | 7% on the market value of the property | 4% on the market value of the property |
| Partnership deed where the capital does not exceed Rs 500 | Rs 50 | 1% on the capital invested |
| Partnership deed (other cases) | Rs 300 | 1% on the capital invested |
| Memorandum of Deposit of Title Deeds | 0.5% on loan amount, subject to a maximum of Rs 30,000 | 1% on loan amount, subject to a maximum of Rs 6,000 |
| i) Release among family members (coparceners) | 1% on the market value of the property but not exceeding Rs 25,000 | 1% on the market value of the property, subject to a maximum of Rs 4,000 |
| ii) Release among non-family members (co-owner and benami release) | 7% on the market value of the property | 1% on the market value of the property |
| Lease below 30 years | 1% on the total amount of rent, premium, fine, etc. | 1%, subject to a maximum of Rs 20,000 |
| Lease up to 99 years | 4% on the total amount of rent, premium, fine, etc. | 1%, subject to a maximum of Rs 20,000 |
| Lease above 99 years or perpetual leave | 7% on the total amount of rent, fine, premium of advance, if any, payable. | 1%, subject to a maximum of Rs 20,000 |
| Declaration of trust (if property is there, it would be considered as sale) | Rs 180 | 1% on the amount |
Source: Registration Department, TN
Stamp duty and registration charges for women in Tamil Nadu
The stamp duty and registration charges remain the same for men, women and joint buyers in Tamil Nadu.
See also: All about Guideline Value in Tamil Nadu
Property registrations in Chennai amid COVID-19
During the early part of 2020, owing to the Coronavirus pandemic and the resultant lockdown, property registrations saw a dip. However, starting August 2020, sales did see an uptick and this is evident through the revenue generated from property registrations in August, which amounted to Rs 793 crores. Sources also suggest that 17,000 more registrations were clocked this year in August, as against the same period in 2019.
“Plotted developments and land parcels in and around Chennai moved faster, comparatively,” says T Balabhaskar, a local real estate contractor, adding that sales suffered on the whole, owing to restrictions on inter-state travel and rising cases of COVID-19. Local brokers are also hopeful that actual sales will pick up, given that enquiries on ground have increased. Prospective home buyers have been enquiring about price benefits, cash discounts and customised packages and see an opportunity to invest, in spite of the pandemic.
Check out properties for sale in Chennai.
In May 2020, the registration department of TN clarified that new and ready-to-occupy flats and buildings will not need to pay stamp duty and registration fees. This was applicable only on the first sale of the property and only the undivided share of land (UDS) would be subjected to stamp duty and registration charges and not the super built-up area.
Record-high registrations in October 2020
On October 29, 2020, the registration department witnessed an all-time high registration of 20,307 documents with 575 sub-registrar offices. The sale of stamp duty and registration fees on the day brought in Rs 123.35 crores. October had been a good month for the department with earnings clocked at Rs 1,096 crores.
FAQ
Is it mandatory to register property in Tamil Nadu?
Yes, as per the Registration Act, 1908, it is mandatory to register your property.
Where can I pay stamp duty in Chennai?
You can either pay the stamp duty at the registrar/sub-registrar’s office or avail of the e-stamping facility.
What are the documents required for registration of property?
You will need the stamp duty receipt, your PAN card, government ID proofs of all parties, including the witnesses, two passport-sized photographs, NOC, no dues certificate, sale deed, POA, pattadar passbook, etc.
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