What is Stamp duty?
Stamp duty is the tax amount an individual pays to the Government (Central and/or State of Gujarat) for executing various types of deeds or documents which have some sort of financial exchange, transaction or obligation associated with it. Stamp duty is also chargeable on the registration of sale, purchase or transfer of immovable property. Stamp duty is paid during the registration of a document or deed for e.g. for registration of Partnership deed or LLP agreement in case of LLP registration, the stamp duty is levied.
How to pay stamp duty?
- Stamp duty value is printed on stamp paper or e-stamp paper after the stipulated duty is paid.
- Stamp papers have different stamp values and each type of document/deed has to be executed on a stamp paper of a requisite value.
- Stamp value varies from region to region, and also on the value of the deed or transaction is executed.
Modes of Payment of Stamp duty in Gujarat:
| No. | Mode of Payment for Stamp Duty | Availability |
| 1. | Traditional Stamp Paper | Yes |
| 2. | e-Stamp Paper | Yes |
| 3. | Franking | Yes |
| 4. | Adhesive Stamps | Yes |
| 5. | GRAS | No |
| 6. | Notary Stamp | Yes |
| 7. | Revenue Stamps | Yes |
| 8. | Agreement Stamps | Yes |
| 9. | Non- Judicial | Yes |
Stamp duty rates in Gujarat:
Stamp duty charges vary from one state to another and may depend on gender, municipal areas or income groups within the state too. In Gujarat Basic rate of Stamp duty is 3.50% and Total rate is 4.90% i.e., Rs. 4.90 for every Rs. 100/- need to be paid as stamp duty for Gujarat Property Registration. The registration fee is 1.05%.
Here is a table showing Stamp duty rates in Gujarat for different documents, and agreements.
Table showing Stamp duty rates in Gujarat
|
Stamp duty rates in Gujarat |
|||
| Sr. No. | Particulars | rates | |
| Up to 04.08.19 Rs. |
W.e.f 05.08.2020 Rs. | ||
| 1 | Affidavit | 20 | 50 |
| 2 | Agreement or memorandum of agreement or its record | 100 | 300 |
| 3 | Partnership deed (If any partner brings immovable property as capital then stamp duty @ 3.5% of Jantri Value will be leviable on it) | 1% of total capital or Maximum 10,000/- | |
| 4 | Change in Constitution Partnership | 1% of additional capital | |
| Due to Increase in capital | (This will be in accordance with the duty payable under point no. 3. The additional duty payable will be computed after deducting the stamp duty already paid. The stamp duty shall not exceed INR 10,000/- (threshold limit for stamp duty payable)) | ||
| Any other reason | 100 | 200 | |
| 5 | Dissolution of Reason | 100 | 200 |
| 6 | Apprenticeship Deed | 100 | 300 |
| 7 | Power of Attorney | 100 | 300 |
| 8 | Notary Public Attestation | 35 | 50 |
| 9 | Indemnity bond, Inspector ship Deed | 100 | 300 |
| 10 | Release deed in blood relation (Documents for foregoing inheritance Rights) | 100 | 300 |
| 11 | Administration Bond | 100 | 300 |
| 12 | Adoption Bond | 100 | 200 |
| 13 | Appointment in Execution of Power | 100 | 300 |
| 14 | Appraise ment or Valuation | 100 | 300 |
| 15 | Award | 100 | 300 |
| 16 | Cancellation | 100 | 300 |
| 17 | Composition Deed | 100 | 300 |
| 18 | Copy or extract | 100 | 300 |
| 19 | Counterpart or Duplicate | 100 | 300 |
| 20 | Customs Bond of Exercise Bond | 100 | 300 |
| 21 | Divorce | 100 | 300 |
| 22 | Letter of Guarantee | 100 | 300 |
| 23 | Letter of License | 100 | 300 |
| 24 | Marriage registration | 100 | 200 |
| 25 | Memorandum of Association of a Company | 100 | 300 |
| 26 | Notarial Act | 20 | 50 |
| 27 | Note of Memorandum | 100 | 300 |
| 28 | Note or Protest by Master of Ship | 100 | 300 |
| 29 | Protest of Bill or Note | 100 | 300 |
| 30 | Re-conveyance Mortgaged Property | 100 | 300 |
| 31 | Record of Transaction | 100 | 300 |
| 32 | Release | 100 | 300 |
| 33 | Security bond or Mortgage deed | 100 | 300 |
| 34 | Surrender of Lease | 100 | 300 |
| 35 | Transfer | 100 | 300 |
| 36 | Trust | 100 | 300 |
| Stamp Duty rates and Registration Charges For Immovable property | |||
|
Stamp Duty for Immovable Property |
|||
| S.No | Stamp Duty | Rate | |
| 1 | The basic rate of Stamp duty | 3.50 % | |
| 2 | Surcharge at the rate of forty percent on basic rate | 1.40% | |
| 3 | Total Stamp Duty | 4.90% | |
|
Registration Charges for Immovable property |
|||
| 1 | Male | 1% | |
| 2 | Female | Nil | |
| 3 | (For Joint name) Male-Female | 1% | |
| 4 | (For Joint name) Female-male | Nil | |
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