Stamp Duty in India: #9 Haryana Stamp Paper

Haryana Stamp Paper – An Overview

The Haryana state government collects stamp duty on a various transactions, including the acquisition or transfer of the real estate, leasing agreements, and other similar agreements. Stamp duty is paid to purchase Haryana stamp paper, at pre-determined rates. Alternatively, documents in Haryana can also be franked or eStamped using a digital stamping solution.

Most transactions require the stamp duty payment be it in Haryana or any other state, and failing to do so might result in legal repercussions. The transaction value or the property’s market value, whichever is larger, is used to determine the stamp duty.

Either real stamp sheets or an electronic stamping system can be used to pay stamp duty in Haryana.

To pay stamp duty, several Indian states have switched to an entirely electronic approach that entails creating an e-stamp certificate, which is then used to verify the transaction.

Paying stamp duty to purchase Haryana stamp paper is also a significant component of purchasing real estate.

How To Stamp A Document in Haryana

The state of Haryana has been following the Indian Stamp Act of 1899 which is the law that controls how stamp duties are collected in India on various kinds of agreements. The law requires that certain documents, including agreements, deeds, and contracts, be stamped to be deemed legally legitimate. The Indian Stamp Act also specifies the consequences for violation.

Individuals may pay stamp duty in Haryana to the sub-office of the registrar to get a property registered in their name. Haryana stamp duty is also applied on sale deeds and other deeds, such as gift deeds, wills, exchange deeds, etc., that result in changes in ownership of any property.

The rates of stamp duty are as follows:

Document	Rural areas	Urban areas
Sale, conveyance deed	5%	7%
Gift deed	3%	5%
Exchange deed	6% of the greatest value of one share	8% of the share of the greatest value
General power of attorney	Rs 300	Rs 300
Special power of attorney	Rs 100	Rs 100
Partnership deed	Rs 22.50	Rs 22.50
Loan agreement	Rs 100	Rs 100

Depending on its collector rate, the Haryana government raised the registration fee for property registrations in 2018 to Rs 50,000. Before that, the state only levied a registration fee of up to Rs 15,000. The new fee is subject to sale certificates, gift certificates, mortgage deeds, lease deeds, collaboration agreements, exchange deeds, division deeds, and settlement documents.

Factors Responsible for Stamp Duty Calculation in Haryana

For determining stamp duty in Haryana while purchasing Haryana stamp paper, the following criteria are taken into account:

Owner’s gender:

Females pay less in Haryana in terms of stamp duty fees than men. In Haryana, the state government offers stamp duty discounts to its female applicants. This project aims to encourage women to own homes.

Property location:

In metropolitan regions, stamp duty for Haryana stamp paper greater; in rural areas, it is lower. Urban and upscale neighborhoods will have higher home costs.

Property Type:

In Haryana, there are distinct stamp duties for residential, commercial, and industrial properties.

Amenities:

High-end facilities will result in higher stamp duty fees on a home when one is purchasing Haryana stamp paper.

While paying the duty of Haryana stamp paper, it is to be noted that:

A property should get a stamp before or on the next working day after registration. A property can be stamped in three months even if it is beyond the area.
Execution of property i.e., the signing of the buyer and seller on the relevant property documents is important.
To complete the transaction, the stamp paper must have the names of all parties.

How to Pay Stamp Duty in Haryana

The Haryana stamp duty payment and registration fees can be submitted either online or offline.

Online Procedure:

To pay Haryana stamp duty online, one needs to perform the following steps:

Visit the official website of the National Government Service Portal.
Click on “Haryana e Stamping” and fill in the necessary details such as the property address and the name of the parties involved.
Choose the category of Haryana stamp paper and select the required amount.
Review the form and finalize the payment.
Once the payment is completed, the estamp certificate will be generated and can be downloaded for future reference.

Offline Procedure:

The offline procedure requires the following steps:

Visit the treasury office and purchase Haryana stamp papers worth more than Rs. 10,000.
Complete the details on the stamp paper such as the name of the parties involved and the property address.
Deposit the stamp duty amount in the State Bank of India under head “0030-Stamp and Registration.”
Once the payment is made, the purchase of Haryana stamp paper will be considered valid and can be used for registration purposes.

It is important to note that both online and offline payment methods require accurate information to avoid any errors or complications in the registration process.

Digital Stamping – Upload Agreements & Pay Stamp Duty in Bulk

Banks, insurers, securities firms & real estate agencies operating in Haryana typically need batches of several agreements stamped at once. Businesses also need enhanced logistical capabilities to track agreements through various touch-points in the stamping process.

Digital stamping helps expedite and streamline Haryana stamp duty payment by enabling businesses to both generate agreements and get them stamped in bulk.

Businesses can pay Haryana stamp duty online in a few simple steps:

Generate agreements using templates or upload them in bulk
Select stamping details such as party names, denominations, document type, state, etc
Preview the agreements & pay stamp duty online
Optionally invite parties to eSign the agreements
Download the eStamped & eSigned agreements for the Haryana Stamp paper

The following are some additional advantages of leveraging digital stamp duty payment:

Quick and Efficient

Online digital stamping speeds up a laborious process that typically takes days to complete.

Scalability

Using digital stamping to automate financial procedures, banks and other financial organizations may quickly expand their operations.

Cost and Time Effective

Automating stamp workflows enables organizations to cut down on logistical expenses, and documentation costs for transport, storage, and inventory.

Security

An estamp certificate has a QR code and its own Unique Identification Number (UIN), which makes it simple to recognize and reduces the likelihood of tampering.

Enhanced customer experience

With digital stamping, client agreements can be stamped online with any stamp denomination in any state or union territory. Clients receive copies of eStamped documents to enhance convenience.

SignDesk’s One-Stop Digital Stamping Solution: Stamp.It

At SignDesk, we are proud to be the leading provider of document automation services in India. Our digital stamping solution – Stamp.It – has been instrumental in helping organizations go paperless and execute agreements in minutes.

Stamp.It is designed to streamline the procurement of Haryana stamp papers through our extensive vendor tie-ups across the nation and scalable operational capabilities. With features such as QR codes, real-time stamp status tracking, custom alerts, & a smart dashboard, we ensure that the stamp procurement process is seamless and that stamps aren’t duplicated.

SignDesk also offers stamping services in multiple states across India. Whether you’re looking for seamless digital stamping, e-stamping, or traditional stamping solutions, SignDesk has you covered. For more information on our e-stamping services and to explore how we can simplify your stamping processes, check out these articles: