Property Registration Charges In Punjab: A Complete Guide

Buying a property requires many financial steps in Punjab. One of the most important part of the process are the property registration charges. You must understand those charges if you’re buying a property. Understand how stamp duty and registration fees are calculated. This can help you plan your budget better in Punjab.

In this guide, we break down the property registration charges in Punjab. These include the complete registration process for you. This will help you understand what to expect.

Read more: Property Registration Charges In Punjab: A Complete Guide

What Do The Recent Statistics Of Property Registration Look Like In Punjab?

Strong Revenue Growth:

“Stamp sale & registration” had an increased revenue in Punjab, 2024. A 42% increase was noted compared to June 2023.

Source: Punjab Newsline

The state treasury received ₹ 463.08 crore in July 2024. This was given by stamp and registration. A 71% increase over July 2023 is noted. 

Source: Punjab Newsline

2.25% Stamp Duty & Fee Exemption:

The Punjab Cabinet extended a 2.25% exemption on stamp duty and registration fee. This includes:

• 1% PIDB fee 
• 0.25% special fee

This was done for property registrations up to 15 May. 

Source: Punjab News Express

Property Registration Charges in Punjab: Overview

Property registration is a legal process in Punjab. This process records the ownership of property in the state. In Punjab, all property transactions must be registered with the Sub-Registrar office. The registration process ensures:

• Legal ownership of the property
• Protection against disputes
• Compliance with government regulations

Property registration charges include:

• Stamp duty
• Registration fees
• Any additional government fees

These charges vary based on:

• Property type
• Location
• Ownership

How Property Registration Charges Are Calculated in Punjab

Type of Buyer / Ownership	Stamp Duty	Registration Fee
Male	7%	1% (max ₹2 lakh)
Female	5%	1% (max ₹2 lakh)
Joint Ownership (Male + Female)	6%	1% (max ₹2 lakh)

These percentages are for the market value of the property. It can also be applied to the consideration amount instead. It depends on whichever is higher. 

Stamp Duty and Government Fees for Property Registration in Punjab

Both of these fees are very important for property registration. 

Deed Type	Stamp Duty	Registration Fee
Sale/Gift Deed	5% + 1% Social Infrastructure Cess	1% (max ₹2 lakh)
Mortgage Deed	4%	1% (max ₹2 lakh)
General Power of Attorney (≤5 people)	₹2,000	₹400
General Power of Attorney (>5 people)	₹4,000	₹400
Special Power of Attorney	₹1,000	₹100
Cancellation of GPA	₹1,000	₹400
Cancellation of SPA	₹500	₹100

What Documents Are Required for Property Registration In Punjab?

Buyers must submit these documents for property registration.

• Sale Deed
• Title documents of the seller
• Identity proof
• Address proof
• PAN Card of the buyer
• PAN Card of the seller
• Property tax receipts / Encumbrance Certificate
• No Objection Certificates (NOCs), if applicable

What Is The Property Registration Process in Punjab?

Verify Documents:

You must check:

• Title
• Approvals
• Encumbrance

Draft Sale Deed:

This is prepared by a lawyer for property registration. You could also get it prepared by a legal expert.

Pay Stamp Duty & Fees:

These fees are based on:

• Property value
• Applicable rebates

Book Appointment at Sub-Registrar Office:

You can also do it using the online registration process. 

Execute Sale Deed:

This is where signatures happen in front of the Sub-Registrar. Both the buyer and seller are to sign.

Registration Confirmation:

Registration is confirmed once you get the certificate. Retain all the copies.

How to Minimize Property Registration Costs in Punjab

• You should take advantage of the stamp duty exemptions. These are for female buyers in India. Even joint ownership with one female can benefit here.
• Make sure to use the 2.25% government rebate. That is, if you have registered during the eligible period. 
• Make sure the property registration is assessed the right way. Avoid overpayment of stamp duty.
• Choose legal experts with experience in Punjab. They must know property registration to prevent errors.

Conclusion

Did you know that property registration charges are important? Well, now you do. This blog has explained the charges as a complete guide. You can minimize property registration charges as well.

FAQs

Q – What is the property registration charge in Punjab?

Property registration charges include: 

• Stamp duty 
• Registration fees

The property registration charge is 1% in Punjab. The stamp duty is charged on the market value. It can range from 5% to 7%.

Q – What is the property tax in Punjab?

Property tax in Punjab costs Rs. 500 per square feet.

Q – What is the latest change in property rules in Punjab?

The recent change is that any citizen can now register property online.

Q – What’s the process of property registration in Punjab?

The process includes:

• Attend the appointment
• Verify identity
• Submit documents
• Sign the deed

Q – Is a NOC important for the registry of property in Punjab?

No, an NOC isn’t important for Punjab property registration.

Q – Who is eligible for stamp duty rebates in Punjab?

• Female buyers get reduced stamp duty. It is 5% here instead of 7%. 
• Joint ownership with both genders gets a discounted rate. This is about 6%.