Status Check, Procedures, Facilities

Name of the organisation : Tamilnadu Registration Department
Type Of Facility : Stamp Duty & Registration Fees

Home Page :http://www.tnreginet.net/index.asp
duty & fees : http://www.tnreginet.net/duty_fees.asp

TNReginet Stamp Duty & Registration Fees

Conveyance (Sale) Gift :
Stamp Duty : 7% on the market value of the property
Registration Fee : 1% on the market value of property.

Related : TNReginet Search for Stamp Vendor Tamil Nadu : www.statusin.in/495.html

Exchange :
Stamp Duty : 7% on the market value of the greater value.
Registration Fee : 1% on the market value of greater value property.

Simple Mortgage
Stamp Duty : 1% (on the loan amount) subject to a maximum of Rs40,000/-
Registration Fee : 1% on loan amount subject to a maximum of Rs.10,000/-

Mortgage with possession :
Stamp Duty : 4% on loan amount
Registration Fee : 1% subject to the maximum of Rs.2,00,000/-

Agreement to Sale
Stamp Duty : Rs.20
Registration Fee : 1% on the money advanced(1% on total consideration if possession is given)

Agreement relating to construction of building
Stamp Duty : 1 % on the cost of the proposed construction or the value of construction or the consideration specified in the agreement whichever is higher
Registration Fee : 1 % on the cost of the proposed construction or the value of construction or the consideration specified in the agreement whichever is highe

Cancellation :
Stamp Duty : Rs.50
Registration Fee : Rs 50

Partition among family members
Stamp Duty : 1% on the market value of the property but not exceeding Rs.25000/- for each share
Registration Fee : 1% subject to a maximum of Rs.4000/- for each share.

Partition among Non family members
Stamp Duty : 4% on the market value of the property for separated shares
Registration Fee : 1% on the market value of the property for separated share

General Power of Attorney to SELL the immovable property (Power is given to family member)
Stamp Duty : Rs 100
Registration Fee : Rs 1000

Release among family members (co – parcenars)
Stamp Duty : 1% on the market value of the property but not exceeding Rs.25000/-
Registration Fee : 1% on the market value of the property subject to a maximum of Rs.4000/-

Release among non family members (co – owner & benami release)
Stamp Duty : 8% on the market value of the property
Registration Fee : 1% on the market value of the property

Lease below 30 years
Stamp Duty : 1 % on the total amount of rent, premium, fine etc
Registration Fee : 1% subject to a maximum of Rs.20000/-

Lease upto 99 years
Stamp Duty : 4 % on the total amount of rent, premium, fine etc
Registration Fee : 1% subject to a maximum of Rs.20000/-

Declaration of Trust (if property is there, it would be considered as sale)
Stamp Duty : Rs 180
Registration Fee : 1% on the Amount

FAQ On TNReginet

1. Is there any time limit prescribed for return of document? If so, what is the monitoring mechanism?
Yes. The following time limit for return of documents have been prescribed.
** The documents not requiring inspection by registration department officials same day. In auspicious days it is not possible to return the document on the same day because of work load. But in any way they have to return the document within 3 days.
** The documents requiring inspection of building alone time limit for referring – 15 days
** The documents requiring inspection to find out whether it is site or agri land and this is compulsory if the area is below 10 cents and the guideline has agriculture value for the particular survey number – 21 days
** The time taken by SDC (Stamps) in fixation of market value will be – 4 month (maximum)

2. What is the definition of “family” for availing concession in stamp duty under the Indian Stamp Act?
The family member includes father, mother, husband, wife, son, daughter and grand child. Government issued orders as sisters and brothers are also come under family. The family members can get the concession on stamp duty and registration fee for the deeds of settlement and partition among themselves. The rate for family member is 1 % stamp duty subject to maximum of Rs 10,000/- and 1 % Registration Fee subject to maximum of Rs 2,000/- ( For partition deeds the above duty and fee is for one share ie for a single person)

3. How to find out the stamp duty payable?
The website contains a process for calculation of stamp duty. Even counters in sub registrar offices have been opened for replying to such queries.

Features of TNReginet Stamp Duty

TNReginet Stamp Duty is an online platform that allows users to pay stamp duty and registration fees for property transactions in Tamil Nadu. The platform was launched in 2017 and has since become the preferred method for paying stamp duty in the state.

Some of the features of TNReginet Stamp Duty include:
** Online payment: Users can pay stamp duty and registration fees online using a credit card, debit card, or net banking.
** Instant confirmation: Users receive instant confirmation of their payment.
** E-stamps: Users can download e-stamps from the platform.
** Trackable status: Users can track the status of their payment and registration.
** 24/7 support: Users can get support 24/7 from the platform’s customer care team.