Hello Readers,

 

We understand that you are looking for the Land registration process around Tambaram, Chennai. That's why we bring you a few important points to remember,

 

1. Stamp Duty
7% of the market value for the properties in Chennai

 

2. Registration Charge
4% of the market value for the properties in Chennai

 

Note: Both the Stamp and Registration fee will be effectively added to the property cost 

Example,

We the property value is INR 10,00,000
Registration fee - INR 40,000
Stamp duty         -  INR 70,000
So the effective cost will be INR 11,10,000

 

3. Tax Charges 
GST Rate of 18% will be applied 

 

4. Documentation

These are documents which you would require to register your property in Chennai.

 

• A signed copy of the stamp receipt 

• PAN card for the person who wants to register

• Any of the following identity proof which also includes PAN card, Aadhaar card, voter ID, passport, driving license etc

• An identity proof of the witnesses

• 2 passport size photographs. Both the parties - Seller and Buyer

• No Objection Certificate (NOC) if there is any

• Tax clearance certificate / No due certificate

• Relevant property documents such as sale deed/conveyance deed/power of attorney, et cetera.

• Pattadar passbook
   

 

We hope this helps. If you have any further doubts please contact us and we will be happy to help you with the right process. Don't hesitate even if you are purchasing from a different vendor, we will still be happy to help.

 

An initiative by Legend foundations, Tambaram, Chennai.