Tuesday, September 25, 2018
- Chandigarh, September 25 – Haryana Cabinet which met under the chairmanship of Chief Minister, Mr Manohar Lal here today accorded approval to the proposal of Revenue and Disaster Management to revise the Registration fee for the registration of non – testamentary documents relating to immovable property.
- The rates of registration fees were revised on November 6, 2006 according to which the maximum rate of registration fee is Rs. 15000 if the value of consideration in money terms is exceeding Rs. 25 lakh. The registration fee is charged on a slab system. There has been a considerable hike in the rates of property since then. Therefore, it has become necessary to increase the rates of registration fee in order to augment the State Revenue to meet the increased development expenditure and to feed the expenditure of registration department.
- As per the revised rates, if the registration of non – testamentary documents such as exceeds Rs 25 lakh but does not exceed Rs 30 lakh, present rate is Rs 15 thousand, if it exceeds Rs 30 lakh but does not exceed Rs 40 lakh, then the revised rate would be Rs 20 thousand, exceeds Rs 40 lakh but does not exceed Rs 50 lakh, then the revised rate would be Rs 25 thousand, if it exceeds Rs 50 lakh but does not exceed Rs 60 lakh, then the revised rate would be Rs 30 thousand, exceeds Rs 60 lakh but does not exceed Rs 70 lakh, then the revised rate would be Rs35 thousand, if it exceeds Rs 70 lakh but does not exceed Rs 80 lakh, then the revised rate would be Rs 40 thousand, exceeds Rs 80 lakh but does not exceed Rs 90 lakh, then the revised rate would be Rs 45 thousand and if it exceeds Rs 90 lakh then the revised rate would be Rs 50 thousand.
- Non testamentary documents relating to immovable property are instrument of sale, gift, mortgages, sale certificates, rent or lease deed, collaboration agreement, deed of exchange of property, deed of settlement and deed of partition.