Stamp duty and registration fees in Chennai are determined based on the property's market value.
Document type | Stamp duty in Tamilnadu | Registration charges in Tamilnadu |
---|---|---|
Conveyance (Sale) | 7% of the market value of the property | 4% of the market value of the property |
Gift | 7% of the market value of the property | 4% of the market value of the property |
Exchange | 7% of the market value on the property that has the greater value | 4% of the market value on the property that has the greater value |
Simple mortgage | 1% on the loan amount, subject to a maximum of Rs 40,000 | 1% on the loan amount, subject to a maximum of Rs 10,000 |
Mortgage with possession | 4% of the loan amount | 1%, subject to a maximum of Rs 2,00,000 |
Agreement to sale | Rs 20 | 1% on the money advanced (1% on total consideration if possession is given) |
Agreement relating to construction of building | 1% on the cost of the proposed construction or the value of construction or the consideration specified in the agreement, whichever is higher | 1% on the cost of the proposed construction or the value of construction or the consideration specified in the agreement, whichever is higher |
Cancellation | Rs 50 | Rs 50 |
Partition among family members | 1% on the market value of the property, subject to a maximum of Rs 40,000 for each share | 1%, subject to a maximum of Rs 10,000 for each share |
Partition among non-family members | 4% on the market value of the property for separated shares | 1% on the market value of the property for separated shares |
i) General Power of Attorney to sell the immovable property | Rs 100 | Rs 10,000 |
ii) General Power of Attorney to sell the immovable property (Power is given to a family member) | Rs 100 | Rs 1,000 |
iii) General Power of Attorney to sell the movable property and for other purposes | Rs 100 | Rs 50 |
iv) General Power of Attorney given for consideration | 4% on the consideration | 1% on the consideration or Rs 10,000, whichever is higher |
Settlement in favour of family members | 1% on the market value of the property but not exceeding Rs 40,000 | 1% on the market value of the property, subject to a maximum of Rs 10,000 |
Settlement in other cases | 7% on the market value of the property | 4% on the market value of the property |
Partnership deed where the capital does not exceed Rs 500 | Rs 50 | 1% on the capital invested |
Partnership deed (other cases) | Rs 300 | 1% on the capital invested |
Memorandum of Deposit of Title Deeds (MODT) | 0.5% on loan amount, subject to a maximum of Rs 30,000 | 1% on loan amount, subject to a maximum of Rs 6,000 |
i) Release among family members (coparceners) | 1% on the market value of the property but not exceeding Rs 40,000 | 1% on the market value of the property, subject to a maximum of Rs 10,000 |
ii) Release among non-family members (co-owner and benami release) | 7% on the market value of the property | 1% on the market value of the property |
Lease below 30 years | 1% on the total amount of rent, premium, fine, etc. | 1%, subject to a maximum of Rs 20,000 |
Lease up to 99 years | 4% on the total amount of rent, premium, fine, etc. | 1%, subject to a maximum of Rs 20,000 |
Lease above 99 years or perpetual leave | 7% on the total amount of rent, fine, premium of advance, if any, payable. | 1%, subject to a maximum of Rs 20,000 |
Declaration of trust (if property is there, it would be considered as sale) | Rs 180 | 1% on the amount |