Latest News: Stamp Duty and Registration Charges in MP
- January 2023: MPTAX – Government rebates for IT and BPO companies in Madhya Pradesh
- January 2023 announcement of rebates to promote investment in IT and BPO companies in MP
- Rebates include relaxation in stamp duty and registration charges, training subsidies, capital subsidies, and concessional rates
- MP is investing in Indore-Pithampur economic corridor covering 500 acres with plug-and-play infrastructure
- MP has four major IT parks and IT SEZs
- Rentals in MP are 7 to 10 percent lower than in other states
- 2022: Stamp Duty Concession for the Start-up Sector
- 2022 announcement of concession on stamp duty for business registration in Madhya Pradesh
- Property registrations increased by 8% in Madhya Pradesh in comparison to the fiscal year 2019-2020
- Revenue of ₹1325 crores from 1,07,000 property registrations in fiscal year 2020-21
- Increase in demand for flats and apartments in the fiscal
MPTAX: Professional Tax Registration In Madhya Pradesh
The professionals and members are subject to the professional tax imposed by the State Government. The Madhya Pradesh State Tax on Professions, Trades, Callings, and Employments Act of 1975 regulates the imposition and administration of professional tax in Madhya Pradesh(MPTAX).
MPTAX: Procedure for Obtaining Professional Tax in Madhya Pradesh
- Apply Form 1 within 30 days of becoming liable to pay the professional tax.
- The system will generate an acknowledgment with the date and time for attending the registration authority.
- Sign the application and submit it to the concerned professional tax registration authority.
- Upon receiving the signed application, the professional tax registration authority will provide registration in Form 1-A along with a TIN (Registration number under the profession tax act).
Who Is Eligible to Pay Professionals in MPTAX?
- MPTAX: If your tax liability is over ₹50,000, file monthly returns before the last day of each month.
- If your tax liability was less than ₹50,000 in the previous year, file an annual return by 31 March
- You can file a revised return if you make a mistake.
The Due Date for Filing Professional Tax in MPTAX
MPTAX: If you’re registered for professional tax, file monthly returns before the last day of each month if you owe more than ₹50,000. Suppose you owe more petite; file annually by 31 March. You can file a revised return if you make a mistake.
MPTAX: The Professional Tax Rate in Madhya Pradesh
| Monthly Gross Salary | Amount Payable as Professional Tax |
| Up to ₹7500 | Nil |
| ₹.7501 to Rs.10,000 | ₹175 per month |
| Above ₹ 10,000 | ₹ 2500 per annum, payable monthly |
| ₹.200 per month (except for February) | |
| ₹.300 for February |
How to Pay Stamp Duty in MP Online?
Here are the steps to pay stamp duty in MP online:
- Go to the official website of the Registration and Stamps Department Madhya Pradesh.
- Click on E-Stamp Verification.
- Enter the E-Stamp ID and captcha to pay the Stamp duty charges.
- Pay the charges using a credit card, debit card or net banking.
Note: If you still need to sign up, do that first.
MPTAX: Offline Process for Payment of Stamp Duty in MP
If you’re uncomfortable paying online, you can visit the sub-registrar’s office to pay stamp duty charges by cash, DD, credit card, or debit card. You can also pay fees at designated banks and post offices through franking.
How Are Stamp Duty and Registration Charges in Madhya Pradesh Calculated?
- Example: If you buy a house worth ₹50,00,000, you’ll pay stamp duty and registration charges of Rs 5.75 lakh. This is how it’s calculated:
- Cost of property: ₹50,00,000
- Stamp duty (7.50% of property’s cost): ₹3,75,000
- Registration charges (3% of property’s cost): ₹1,50,000
- Total amount to be paid: ₹ 5,75,000
You can also calculate stamp duty and registration charges on the MPTAX IGR website. Log in, go to Property Valuation and Duty Calculation, and select the deed category and type. Validate the information to see the applicable duty on the screen.
How to Check Stamp Duty and Registration Fee Chart in MP
- Visit the official website of IGR MP.
- Click on “Check Stamp Duty and Registration Fee Chart” from the left-side menu bar.
- The fee chart will be displayed on the screen in a PDF format.
Tax Benefits on Stamp Duty and Registration Charges in MPTAX
MPTAX – You can claim tax benefits of up to₹1.5 lakh under Section 80C of the Income Tax Act while filing your Income Tax Return. However, it’s important to note that this deduction can only be claimed in the year when the property is purchased.
How to Register Complaint for Stamp Duty in MP
- Visit the MPIGR website at https://www.mpigr.gov.in/#/home.
- Click “Register Your Complaint” from the “Important Links” section.
- Enter your username and password on the new page that opens up.
- Click on “Log in”.
- Fill out the complaint form with your complaint details and click “Save”. An officer from the Revenue Department will review your complaint.
MPTAX FAQs
What are the charges of stamp duty in MP?
Stamp Duty in MP is 7.5% for all property buyers.
Is it mandatory to pay registration fees in Madhya Pradesh?
Yes, paying registration fees in Madhya Pradesh is mandatory whenever a property is bought.
When was stamp duty in Madhya Pradesh revised?
Stamp duty in MP was last revised in September 2020, and charges were slashed by 2.5%.
How can I pay stamp duty in Madhya Pradesh?
You can use various methods to pay stamp duty online, offline, or franking.
How are registration charges in MP calculated?
The registration charges in MP are 3% and are calculated on the market value of the property or the agreed value of the property, whichever is higher.
How can I make the online payment for stamp duty?
To pay the stamp duty online, you can use a credit card, debit card or net banking.
Which department levies stamp duty charges in Madhya Pradesh?
The Registration and Stamps department is responsible for stamp duty and registration charges in Madhya Pradesh.
How can I contact stamp duty in the MP department?
To contact the revenue department for stamp duty in MP, visit their office at 35 A, Arera Hills, Bhopal, Madhya Pradesh, 462011 or call 0755-2573849, 0755-2573846, 0755-2573852.
