Stamp Duty and Property Registration Charges in Jammu & Kashmir

Good news for Indian nationals who were eagerly waiting to make a property purchase in India’s heaven, Jammu and Kashmir. You must have heard about the removal of Article 370. By that, any Indian national can now purchase property in the region. The procedure to buy property or land remains the same as in other states. An individual needs to register the property to take ownership and pay stamp duty in Jammu and Kashmir to do so. However, the stamp duty and registration fees are relatively lower than other Indian states.

This article will walk you through different registration rates in Jammu and Kashmir and how to register your property to take absolute ownership. 

Stamp Duty and Property Registration Charges in Jammu and Kashmir

The stamp duty and land registration charges in Jammu and Kashmir are relatively low compared to other states of India, especially for women. However, a few years earlier, female property owners don’t even have to make payment of stamp duty and house registration charges in Jammu and Kashmir.

In addition, a revision was made in the legislation of Jammu and Kashmir with a hike in the charges levied on property purchases and transactions.

The table below mentions the stamp duty charges in Jammu and Kashmir:

Note: The stamp duty registration charge of 1.2% is applicable on the sale deeds while for other relinquishment and gift deeds, the registration charges depend on the value of the transaction made by the individual.

Stamp Duty Calculator Jammu and Kashmir

Here is an example of calculating the stamp duty and flat registration charges, supposing that you purchase a property worth INR 50 lakhs in J&K.

There are two methods to calculate the stamp duty in Jammu and Kashmir. Online and offline processes are available to calculate the stamp duty.

To avoid any manual hassles while computing the stamp duty on your property, you can access the online stamp, duty calculator. All you need to do is enter the location of the property, price and type of ownership, i.e., whether the property is jointly owned or independently possessed by either of the genders (man or woman).

Jammu and Kashmir Stamp Duty on Property for Women

Suppose a woman is purchasing a property worth INR 25 lakh in Jammu and Kashmir and the applicable stamp duty charge for women is 3% of the property’s value which will be equivalent to INR 75,000. 

The applicable registration charge on the property is 1.2% in Jammu and Kashmir, which will be equivalent to INR 30,000. 

The resulting net stamp duty in Jammu and Kashmir for women of a property worth around INR 25 lakh will be around INR 1.5 lakh.

Jammu and Kashmir Stamp Duty on Property for Men

Now, let’s calculate the stamp duty charges for men in Jammu and Kashmir while applying the same formula for the property worth the same as above for women (INR 25 lakh).

The applicable stamp duty charges for men are 7% of the property’s value. While applying the same formula will be equivalent to INR 1.75 lakh.

The applicable registration charges for men are 1.25% of the property’s value, which will be equivalent to INR 30,000.

The resulting net stamp duty in Jammu and Kashmir for men of a property worth around INR 25 lakh will be around INR 2.5 lakh.

Jammu and Kashmir Stamp Duty on Property for Jointly Purchased Property

The stamp duty charges in Jammu and Kashmir on properties that are purchased jointly in the name of both men and women are different. 

For a jointly purchased property in the state, the stamp duty charges are at 5%.

Again, let’s check the stamp duty charges while applying the above formula for a property worth the same amount (INR 25 lakh). 

The applicable stamp duty charge is 5% of the property’s value, which will be equivalent to INR 1.25 lakh.

While the applicable registration charge is 1.2% of the property’s value, which will be equivalent to INR 30,000.

The resulting net stamp duty in Jammu and Kashmir for a jointly purchased property worth INR 25 lakh will be around INR 1.55 lakh.

Stamp Duty Charges in Other States

Documents Required for Property Registration in Jammu and Kashmir

Property registration in Jammu and Kashmir is simple. There are a few sets of documents that an individual needs to present in order to get the property registered in Jammu and Kashmir.

• Identity proof of both buyers and sellers of the property
• Payment challan or demand draft of the stamp duty and registration charge payment
• Pan card details of both buyers and sellers of the property
• Authentic property valuation certificate
• Tenancy agreement
• Power of attorney
• Partition deed
• Exchange deed
• Mortgage deed
• Lease deed
• Licence agreement
• Property details
• Map of the property (land)
• Sale deed
• Encumbrance certificate
• Transfer instruments

Note: The above-mentioned documents may vary upon the property purchase requirement.

Aspects that May Affect Stamp Duty in Jammu and Kashmir: Several factors may affect the set of charges that are levied on the property, such as location, amenities, and buyers or sellers. The below-mentioned vital points that may affect the total charges paid by the buyer are as follows.

Age of the Property

The age of the property plays an important role in determining the stamp duty and registration charges in Jammu and Kashmir. The individual must be aware of the property’s age, whether new or old. 

Buyers Age

Jammu and Kashmir are states that provide tax benefits to senior citizens. If the buyer is a senior citizen, the charges will be relatively lower than regular buyers.

Buyers’ Gender

As we mentioned above, the stamp duty and registration charges in Jammu and Kashmir for women are relatively lower than in other states. There was a time when women buyers didn’t even have to make the payment on the property registration and stamp duty charges. Earlier, these charges were completely waived off for women to help them take part in the nation’s economy.

Location of the Property

The buyer must be mindful of the fact that Metropolitan, suburban, urban, rural and city, all fall in different jurisdictions. Thus, the charges of plot registration might be subject to change in the net payable amount through the state of Jammu and Kashmir. 

Purpose and Value of Property

The use of land is also a factor which may affect the number of charges that are levied on the property. The residential and commercial properties will be charged differently. For example, if you purchase land on the ground floor, you will need to tell your seller the purpose for what you will use said land. 

Property’s Amenities

The charges depend on amenities, if the property has more amenities the charges will be more compared to a property with fewer amenities. 

How to Register a Property in Jammu and Kashmir

The procedure to register a property in Jammu and Kashmir is offline, which means you have to register your property via the registrar’s office. The step-by-step instructions to register your property in Jammu and Kashmir are as follows: 

Step 1: Visit the Department of stamp duty and registration and present the supporting documents as required and mentioned above. 

Step 2: Get an appointment letter for visiting the sub-registrar office.

Step 3: Once you reach the office, the registrar will proceed with the verification process of the supporting documents.

Step 4: After verifying the documents, the registrar will sign the paper to complete the registration process. 

Step 5: The whole process may take two to four weeks to finally get your property registered.

FAQ’s about Stamp Duty in Jammu and Kashmir