Stamp Duty and Property Registration Charges in Assam

An Overview of Assam’s Stamp Duty on Property

Stamp duty in Assam is a mandatory charge levied on the property in case of registration and transactions. It confirms the record of property in the state government’s record. The stamp duty is payable under Section 3 of the Indian Stamp Act,1899. The stamp duty has variable charges in different states and where the property is located.

The stamp duty charges and registration fees are counted as part of the state government’s revenue. In this blog, we will walk you through the stamp duty and registration charges on property in Assam.

Assam’s Stamp Duty on Property

Property registration charges in Assam aren’t cheap, as the taxes levied on the properties are expensive. Stamp duty and registration charges on properties are relatively higher in Assam compared to other states of India. Currently, the charge for the registration of property in Assam witnessed a hike of about 0.5%. The increased registration charge on the property is about 8.5%. 

Registration and Stamp Duty Charges in Assam

The below-mentioned data features the property registration charges in Assam:

Applicant Registration Charges Stamp Duty
Man 8.5% 6%
Woman 8.5% 5%

Plot Registration Charges in Assam

Assam has the highest plot registration charges. Irrespective of the gender of the buyer, the registration charges the individual has to pay are about 8.5% of the value of the property.

The Department of Revenue and Disaster Management of Assam has transposed the stamp duty payment method to e-Stamp paper for the property valued at over INR 1 lakh.

Note: The e-Stamp paper is the process of making the payment electronically of stamp duty to the government.

Methods to Pay Stamp Duty in Assam?

The Government of Assam provides three methods to make stamp duty payments for plots/land, flats, houses registration charges. The stamp duty payment options are as follows:

Franking

Under the franking method of stamp duty payment, the buyer has to submit documents of the property agreement detail to the bank along with the stamp duty fee. There are limited banks that perform fracking transactions. Moreover, the bank will also charge an additional amount to carry out the payment procedure.

Non-Judicial Stamp Paper

In the payment method of non-judicial stamp paper, the property detail of the agreement is printed or written on the non-judicial stamp paper. The buyer has to retrieve the stamp paper through authorized vendors only. Post ensuring the property documents the paper, the non-judicial stamp paper will be signed by the government authorities. The cost will be similar to the amount of applicable stamp duty in Assam.

E-Stamping

E-stamping is the online mode of payment, where the amount of stamp duty of the purchase of property is transferred to the government electronically. To make the payment, the individual has to visit the official portal of SHCL (Stock Holding Corporation of India). On the web portal, various payment methods are available such as NEFT, RTGS, demand draft, cheque and cash at the branch office of SHCL.

Documents Required for Property Registration in Assam

Required documents for property registration in Assam are as follows:

  • Identification proof of the property buyer and seller
  • No objection certificate (NOC) on the property for registration
  • Consent document for property transfer through gift, sale, mortgage, lease
  • Land related obligatory documents
  • The government assessed property Patta

Stamp Duty Charges in Other States

State Stamp Duty Charges
Maharashtra Stamp Duty in Maharashtra
Gujarat Stamp Duty in Gujarat
Goa Stamp Duty in Goa
Madhya Pradesh Stamp Duty in Madhya Pradesh
Delhi Stamp Duty in Delhi
Noida Stamp Duty in Noida
Andhra Pradesh Stamp Duty in Andhra Pradesh
Mumbai Stamp Duty in Mumbai
Bangalore Stamp Duty in Bangalore
Pune Stamp Duty in Pune

The Objective of Stamp Duty Property Registration in Assam

Assam’s objective of property registration for immovable properties is mentioned below:

  • According to the Assam registration act, interest, title, act or interest can be required if the deed is registered.
  • The registration of deed/documents at the concerned office will be a permanent public record.
  • To make the property inspection easy with the property registered public records.
  • After paying the Assam’s house, plot or the  flat registration charges the information of the transfer of ownership title from the previous to the new owner is considered done.
  • Property registration/deed provides the verification facility of the property to check whether the property is immaculate or not.
  • Verification of the record index is available in Assam for the individuals intending to buy a property. It also provides the detail of the last transfer of the registered documents.

Note: According to the Assam Registration Act (1908), those properties that are not registered will be considered a piece of non-admissible evidence in a court of law.

Advantages of Using e-Stamp Paper for Property Registration in Assam

The e-stamp paper is used for making different types of property transactions for stamp duty. Several benefits of e-Stamp paper for making stamp duty payments are as follows:

  • The e-stamp paper has eradicated the non-judicial stamp paper requirement for property deed registration.
  • The e-Stamping online portal shows the details of each and every stamp duty fee and registration charge in Assam.
  • The e-Stamp establish legalization and authenticity, making the whole payment process trouble-free. 
  • Making the payment of stamp duty and registration charges using e-Stamp paper is fast and hassle-free.
  • The payments that are made using e-Stamp paper are temper-proof, which makes the whole process straightforward 

Additional Expenses: GMDA’s Charge of NOC in Assam

In order to provide the no-objection certificate (NOC) for selling purposes, the Guwahati Municipal Development Authority (GMDA) charges an additional 1% of the total value of property. Check the below-mentioned data to know the processing fee for NOC:

Type of Document NOC Processing Fee
NOC for Sub-division/transfer/sale 1% of the total plot value, excluding the value of the structure of the plot
NOC for flats transfer and sale/houses/apartments 1% of the value of the land component to a limited extent.

Note: The document/deed has to be presented for registration at the sub-registrar office in a district, sub-district and circle level where the immovable property is situated.

FAQ’s about Stamp Duty in Assam

Q1. In which year was the stamp duty introduced in Assam?

In the year, 2004 stamp duty was introduced in India by the Indian Stamp (Assam Amendment) Act.

Q2. Can I pay the stamp duty fee and registration charges in instalments?

No, you can’t make payments in instalments for the stamp duty fee and registration charges.

Q3. Why immovable property should be registered?

As per the Registration (Assam Amendment) Act, 1908. Those transactions that involve immovable properties must be registered to ensure a clear transfer of ownership. Post completion of the registration process, it becomes a permanent public record.

Shivam Shivam Singh has a positive approach with keen observation skills, He is a journalist, athlete, and photographer. He loves swimming, whether it's to dive deep into the words or water. He reads extensively before he writes to hold credibility in his writing. Shivam is more into movies and theaters. He loves to write about the film industry because he knows it closely and he vastly writes in various genres, making him a complete package.
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