Buying property in Kerala involves understanding the critical aspects of registration fees and stamp duty, which is crucial for validating property ownership and ensuring a smooth transaction. Navigating the complexities of these fees can be challenging for both seasoned investors and first-time homebuyers. However, being well-informed about the process, associated costs, and legal requirements can help you avoid pitfalls and make more confident decisions. This blog offers you an in-depth overview of registration fee and stamp duty in Kerala. And we are supplying you with the information required to successfully handle the property registration procedure.
How to Pay Stamp Duty And Registration Charges in Kerala
According to the Registration Act 1905, to become the legal owner of a property in Kerala, buyers must register it after purchasing by paying the appropriate stamp duty and registration charges. The Kerala register department accepts stamp duty charges from property owners. First, we need to prepare our documents to pay stamp duty for the agreement in Kerala. And take these actions to pay these fees online:
- Create an account by going to Kerala’s official registration portal.
- After logging in, choose “Doc Registration” and fill out the necessary fields.
- Select the transaction you want, then provide witness information and property data.
- After making your payment, print the acknowledgement slip for your records.
You must pay the stamp duty and registration charges when registering for a property transaction. This usually occurs at the Sub-Registrar’s Office when executing the sale deed or any other property related document. Here are the key points regarding when to pay these charges:
Payment Timing
- Before Registration: The stamp duty must be paid before registering the property document. The document must bear the stamp duty to be considered valid.
- At the Time of Registration: Registration charges are generally paid when registering the document at the Sub-Registrar’s Office.
Methods of Payment
- E-Stamping: Stamp duty charges in Kerala can be paid through e-stamping, a more convenient and secure method.
- Demand Draft or Challan: Stamp duty and registration charges can also be paid via a bank demand draft or government challan.
Penalty for Delayed Payment
- If the stamp duty is not paid on time, penalties and interest charges may apply as per the Indian Stamp Act.
Documentation Requirements
- Ensure all property-related documents are correctly stamped with the correct amount of duty and are submitted along with the registration fee at the time of registration.
Current Rates
- Stamp duty rates and registration charges may vary, so checking the current rates applicable in Kerala before proceeding with the transaction is advisable.
- Paying the stamp duty and registration charges on time is crucial to ensure the property transaction’s legality and avoid future disputes.
