Land Registry
The Land Registry Section gives publicity to transactions relating to properties for safeguard of interests of creditors and parties to sales and leases.
1.
| Transfer of Immovable Properties | |
| | Registration Duty Payable by Purchaser: | 5% payable by the Purchaser. |
| | Land Transfer Tax Payable by vendor: | rate applicable as per Second Schedule of land(Duties and Taxes) Act payable by the Vendor. |
| | Capital Gains Tax payable by vendor: | Repeeled. |
| | Tax on transfer of leasehold rights in State Land : | 20% - payable by vendor and purchaser in equal proportion |
| | Stamp Duty Payable by Purchaser: | Ninth Schedule Stamp Duty Act |
| | Transcription Duty: | Rs 200 |
2.
| Obligations | |
| | Registration Duty : | First Schedule, Part VII of Registration Duty Act |
| | Stamp Duty :
| Rs 500 Per Document |
| | Inscription Fee : | Rs 200 |
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