NOIDA: Women purchasing a house or land worth up to Rs 1 crore will now get 1% waiver on stamp duty, with UP cabinet last week revising the cap on properties eligible for the rebate from the previous Rs 10 lakh.
In Noida and Ghaziabad, one has to pay 6-7% of the total cost of a flat in stamp duty and an additional 1% as a processing fee for registration. With the revised limit coming into effect on July 29, women can save up to Rs 1 lakh during property registration.
AIG-2 (stamp department) Brijesh Kumar told TOI that nearly 30% of all properties registered per month in Noida are owned by women. Of the 1.8 lakh properties registered across the district in the 2024-25 fiscal year (FY), over 73,000 were owned by women.
In FY 2023-24, 1.5 lakh properties were registered, and nearly 60,000 were owned by women.
Real estate experts said the rebate would benefit the mid-segment market, which mostly attracts first-time buyers. It would also encourage more families to register properties in the name of women, supporting the broader goal of financial inclusion and empowerment.
“It not only incentivises women to take a more active role in property ownership but also signals a broader shift towards financial empowerment and gender equity in real estate. This initiative will encourage joint ownership, increase formal asset holding among women, and contribute to inclusive growth in the sector,” Vipul Giri, president of CREDAI’s Ghaziabad chapter, said.
New Era Flat Owners Welfare Association (NEFOWA) president Abhishek Kuma told TOI that the rebate would benefit buyers who were waiting to register their properties, but new homebuyers may not feel the cushion as the cost of a 3BHK in Noida currently exceeds the Rs 1-crore threshold.
“In Greater Noida, there are at least 30,000 flats in the range of Rs 60-70 lakh awaiting registry. So, a woman buyer could get a Rs 60,000 to Rs 70,000 rebate in stamp duty. However, the cost of flats in most new residential projects is now are above Rs 1 crore. The cap should have been at least Rs 2 crore for Noida, where affordable housing is an issue,” Kumar said.
Some homebuyers also pointed out that in Delhi, women pay only 4% stamp duty on the property value or circle rate, whichever is higher, while men are required to pay 6%, regardless of the property’s price.
Meanwhile, state stamp and registration minister Ravindra Jaiswal has directed all districts to revise circle rates to bring them on par with the prevailing market rate of properties.
In Ghaziabad, the stamp department is currently conducting a survey to revise the circle rates.
The final draft of the circle rates revision awaits approval from the district magistrate in Noida.
