Registration and Stamp Duty in Jammu and Kashmir: Latest Updates

Registration Charges and Stamp Duty in Jammu and Kashmir for Women

In May 2018, the former chief minister of Jammu and Kashmir completely waived the stamp duty in Jammu and Kashmir and provided a stamp duty exemption for the women residing in the state. She took this initiative to encourage people to register their properties in the name of their mother, wife, sister, and daughters by providing stamp duty exemption to women. At the same time, she also reduced the stamp duty in Jammu and Kashmir on men from 7% to 5%.

With a change in the situations and bifurcation of the two states, the stamp duty was levied for all.

Documents Required for Registration in Jammu and Kashmir

In order to complete your registration in Jammu and Kashmir, the process is pretty simple. All you would need is the following documents to finish your land registry in Jammu and Kashmir.

• Encumbrance certificate

• Challan/DD of stamp duty and registration charge confirming payment

• Proof of identity of the concerned buyer(s) and the seller(s)

• Details of the property

• PAN card details of the concerned parties

• Power of attorney (if any)

• Sale deed

• Map of the land

• Valuation certificate

• Transfer instruments

• Deed of partition

• Reconveyance of the mortgaged property

• Mortgage deed

• Exchange deed

• Tenancy agreement

• License agreement

• Lease deeds

The documents mentioned above are general and can vary depending upon the requirements of your property purchase.

Procedure for Registration in Jammu and Kashmir

• You must visit the stamp duty and registration department and procure the stamp paper for property registration.

• Then you must get a registration date by visiting the sub-registrar’s office

• You must visit the sub-registrar’s office with the required documents at the given time.

• After reaching the sub-registrar’s office, the Registrar will verify and sign the documents. 

• After the signing of the Registrar, the concerned parties must sign the papers to seal the registration process. 

Factors that Affect Stamp Duty in Jammu and Kashmir

• Age of the land – When you need to determine the charge of the land, you must be aware of the status of the land – whether it is new or old.

• Age of the landowner – Like most states, even in Jammu and Kashmir, there is a rebate provided to the senior citizens, which benefits them.

• Gender of the landowner – Stamp duty charges of Jammu and Kashmir fall under one of the lowest categories for women. As discussed above, there was even a duration when stamp duty in Jammu and Kashmir was completely waived off for women to encourage them. 

• Location of the land – City, rural, urban, metropolitan and suburban, all areas have different jurisdictions that change their stamp duty charges, making it a factor in determining the amount you will pay when you register your name in Jammu and Kashmir.

• Usage of the land – If you purchase the ground, you will have to tell your seller why you are buying it and what you will use it for. Your use – flat, building, office, etc. affects the number of your charges in several locations.

• Amenities provided – When you purchase a land, the nearby area is vital in determining its charges. The better the amenities, the more the expenses.

Examples of Calculation of Stamp Duty in Jammu and Kashmir

Let’s understand registration charges and stamp duty in Jammy and Kashmir with a few examples. 

Example 1: Aman purchases a property for Rs 60 lakh in Jammu and Kashmir

Since stamp duty and registration charges in J&K differ for men and women, the applicable charges in Aman’s case would be: 

Stamp Duty (7% of the property’s value) = 4,20,000

Registration Charges (1.2% of the property’s value) = 72,000

Total stamp duty and registration charge: Rs 4,92,000

Example 2: Priya buys a property in Jammu and Kashmir for Rs 60 Lakh

Since Priya is a female, the stamp duty in J& K would be different in her case. 

Stamp Duty (3% of the property’s value) = 1,80,000

Registration Charges (1.2% of the property’s value) = 72,000

Total stamp duty and registration charge: Rs 2,52,000

Example 3: Joint Property registration in the name of Aman and Priya for Rs 60 Lakh

Stamp Duty (7% of the property value) = Rs 4,20,000

Registration charge (1.2% of the property value) = Rs 72,000

Total stamp duty and registration charge:  Rs 4,92,000

Stamp Duty Exemption

The Government reduced the stamp duty charges to boost the real estate market. Stamp duty exemption aims at initiating a remarkable momentum in the sale and registration of land in Jammu and Kashmir so that more people can purchase properties that are not only attractive but affordable as well.

On February 25, 2022, the administration approved a 50% remission on stamp duty in Jammu and Kashmir for all those who will get their stamp duty registration for the first time to purchase land in the state. This approval will not apply to properties with a value of more than INR 1 crore.

It was also specified that the change regarding stamp duty exemption would be applicable from April 21, 2022, and will remain in effect until March 2024.  

In a Nutshell: Stamp Duty in Jammu and Kashmir

To complete the registration of property in government records, it is necessary to pay stamp duty in Jammu and Kashmir. This can be done either online or offline. Failure to pay stamp duty in J&K may result in legal disputes and prevent your property transaction from being registered.