Stamp Duty Rules | Payment | PoA Charges | FAQ
The registration and stamp department are the main departments that are responsible for the sake of carrying out the different registration based on the transactions. The department makes it a point to revise the stamp duty rates from time to time. Right now, the rates are 6% for men and 5% for women. The Rajasthan government offers a slight rebate to women.
The Stamp Duty Rules In Rajasthan
It is the Rajasthan Stamps Act, of 1908 that governs the stamp duty rules and charges. This act was made to consolidate the different acts that prevailed before it and ensure that there was one single consolidated mechanism as far as payment of stamp duty rates was concerned.
As per section 10 of the Act, stamp duty can be paid on different types of stamps. These include impressed stamps, franking machines and even adhesive stamps as well. Different states have the provision to levy varied amounts of charges and you need to make sure that you check the current rates and then decide the right amount you need to pay.
Apart from property registration, the stamp duty is charged on transfer deeds, lease deeds, partnership deeds, adoption deeds, loan agreements and more.
The Payment Of Stamp Duty In Rajasthan
If you are looking to pay the stamp duty rates in Rajasthan, you can do it in both online and offline mode. Here we are going to explain the details to you to give you a clear picture of it.
The Online Payment Of Stamp Duty In Rajasthan
To pay the stamp duty, you have to log in to the e-Panjiyan site. Several payment methods are available. You can choose any of them and then decide to pay the stamp duty charges. Net banking, credit card, and debit cards can be used for the sake of payment.
Offline Payment
Those who do not prefer to do it in an online way can choose to opt for offline payment too. You can go to the sub-registrar’s office physically and there you need to finish all formalities and do as instructed. Make sure you have all the documents handy and then make the payment and collect the receipt.
There is no way you can choose to not pay the stamp day charges. It is absolutely a must to pay this amount or else your transaction will not be considered legal and binding. To become the legal owner of a property, you will have to pay the stamp charges and complete the formalities.
Stamp Duty In Rajasthan On The Power Of Attorney
The power of attorney is a very powerful document that gives a third person the right to sell a property and execute all the formalities on behalf of the property owner. Based on the type of authorization right that is given to the person, the stamp duty charges are levied accordingly. Let us see the details.
| Authorization Rights | Stamp Duty |
|---|---|
| PoA given for consideration and authorizing the attorney to sell any immovable property | 6% |
| PoA given for consideration and authorizing the attorney to sell any immovable property (Female SC/ST/BPL) | 4% |
| PoA given for consideration and authorizing the attorney to sell any immovable property (Female other than SC/ST/BPL) | 5% |
| PoA given for consideration and authorizing the attorney to sell any immovable property (In case of disability of 40% and above) | 5% |
| PoA given without consideration to all immovable property to mail members of the executant | Rs. 2000 |
Similarly, if you are working on lease deeds, you need to check the number of years for which you are going to offer the lease and then you need to pay accordingly. The tenure of the lease governs the net stamp duty charges. Similarly, the rules differ for sale deeds.
So, based on the document category that you have, you will have to check out the ongoing stamp duty charges for that and then come to the right conclusion.
Always remember that it is an absolute must to pay these charges or else you will end up incurring a significant amount of loss. Some states also have a life imprisonment sentence for those who don’t pay stamp duty charges.
FAQ
What are the stamp duty rates in Rajasthan?
The rates stand at 8.2% for male home buyers and 7% for female home buyers
Do you pay stamp duty charges on the lease deed?
Yes, stamp duty charges need to be paid on the lease deed as well. Make sure to check the details of the amount you need to pay.
Is it compulsory to pay the stamp deed charges?
Yes, it is compulsory to pay the stamp deed charges. There is no way you can avoid that. If you don’t pay the charges, you will not be considered the legal owner.
Are the stamp duty rates subject to revision?
Yes, the state government makes it a point to assess the situation and they periodically revise the rates.