For NRIs renting out property in India, understanding the stamp duty and registration charges is essential. Here’s a brief overview along with key NRI-specific points:
State |
Stamp Duty |
Registration Charges |
Maharashtra |
0.25% of the total rent + deposit amount (if any) |
INR 1,000 (for agreements up to 60 months) |
|
Delhi |
2% of the average annual rent |
INR 1,000 |
|
Karnataka |
1% of the annual rent or INR 500, whichever is higher |
INR 1,000 |
|
Tamil Nadu |
1% of the rent and advance amount |
1% of rent + deposit amount |
|
Uttar Pradesh |
2% of the annual rent |
2% of annual rent |
|
West Bengal |
4% of the total annual rent |
INR 100 (for agreements up to 3 years) |
|
Gujarat |
1% of the total rent + deposit amount |
INR 100 |
|
Rajasthan |
1% of the annual rent + deposit amount |
1% of annual rent |
|
Punjab |
2% of the average annual rent |
INR 200 |
|
Haryana |
1.5% of the average annual rent |
INR 1,000 |
|
Bihar |
2% of the total annual rent |
INR 1,000 |
Note:
The stamp duty is usually a percentage of the annual rent or the total rent for the lease period, while registration charges can be a fixed amount or a percentage of the rent.
The exact rates can vary based on the specific clauses of the rent agreement and periodic changes in state regulations.
For more accurate and updated information, it's advisable to consult the official state government websites or legal professionals.
This table provides an overview to help NRIs and others understand the likely costs involved in renting properties across different states in India.
Also Read: What ways can NRI make a rent agreement?