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stamp duty and registration charges in tamilnadu

Recent Changes in Land Registration

Cost in TamilNadu: What You Need to Know

According to the recent changes and updates in stamp duty and land registration cost in TamilNadu, it is a wise option to set aside a sum exclusively for this fee while buying land, as it is a mandatory one for both men and women in the state, as compared to the other states. The State Government sets the minimum amount of property registration charges levied while buying a property and increased this value by 10 percent in July 2024, compared to the 2023 rates.

Latest Changes in Land Registration Cost in TamilNadu

The stamp duty and land registration taxes within Tamil Nadu undergo updates on a timely basis, which is why it is important to stay updated on the latest charges. These amendments have a direct impact on property buying and selling. This blog by Sembulam provides the details you must know about these charges directly impacting your investments.
land registration Fee in Tamil Nadu

Understanding the Components of Land Registration Cost

For a person who is looking to buy land in Tamil Nadu or any other state in India, you must be aware of some important concepts regarding the registration charges in TamilNadu. They come up with a figure based on the guidelines laid for the transaction value of the land or property, whichever is lower. If for instance, the guideline value is 40 lakhs, and if you buy a property costing 30 lakhs, he must pay stamp duty for the guideline value which is 40 lakhs. Stamp duty can be understood as a state government levies tax, while registration fees are collected by the registration department to have clear land transactions and safeguard you from fraud happening in terms of illegal land acquisition.

Recent Changes in Stamp Duty and Registration Charges

According to the Tamil Nadu government, recent updates has been implemented when there is buying or transferring of property involved. According to recent reports from 2024, Tamil Nadu is the highest stamp duty collecting state among other states. Currently the Tamil Nadu State Government is charging

Stamp duty

  • New property registration: 4 per cent of the total value
  • Resale property: 7 per cent of market value or agreed value

Registration charges

  • New property registration: 0.5 per cent of total value
  • Resale property: 1 per cent of market value or agreed value

Easy reference of Registration fee for land in Tamilnadu

Type of transaction
Stamp Duty Charges 
Registration Fee 
Sale Deed 
7 per cent 
Registration Fee 
Gift Deed 
7 per cent 
Registration Fee 
Property transfer or exchange
7 per cent 
Registration Fee 
  • The increased the land registration fees Tamil Nadu government has hiked from 4 per cent to 7 per cent for various property types, leading to the increase in total land registration cost.
  • Due to the result of this increased stamp duty, the government has reduced the registration charges, and the total now is coming up to 9 per cent when compared to 11 per cent previously. This has helped to mitigate the financial burden on property buyers and sellers.
  • The advent of digital transaction process has made it easier to track the breakup of charges easily and ensuring transparency while the entire buying or selling of land process is complete.
Registration charges in Tamil Nadu

How Can You Mitigate Land Registration Costs

There are instances where the stamp duty and registration charges in Tamil Nadu where costs maybe on the higher side, during such instances, you can follow a few tips these to mitigate these costs when investing in a Sembulam project:

  • Look for a time frame when there are chances of updating these government tax charges with certain incentives and subsidies on the land or property.
  • Be vigilant to ask for land rate concessions or offers with your dealer and negotiate for a reasonable price overall.
  • Get legal advice from a property consultant regarding the changing law and regulations of land registration in Tamil Nadu.
Tamil Nadu land registration

Conclusion 

With the current prices running, you may look at ways to mitigate the rising prices of land registration fees Tamil Nadu has come up with, where there are chances of multiple revisions. By following our tips and advice, ensure to make the most of your land investment and continue to stay informed by logging into our website to know more the regulations and Sembulam projects.

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