Benefits of Property Registration in a Woman’s Name in Delhi & Complete Registration Process
Buying property in a woman’s name in Delhi offers multiple financial and legal benefits . The Delhi government encourages property ownership for women by offering tax reductions, stamp duty discounts, and better loan opportunities. Below is a detailed explanation of the advantages, the registration process, and the required documents for property registration in a woman’s name in Delhi. Benefits of Registering Property in a Woman’s Name in Delhi Lower Stamp Duty Charges In Delhi, stamp duty for women is 4% of the property value , while men must pay 6%. If a woman is the sole or joint owner, she can save significantly on registration costs. Tax Benefits on Home Loans Women homeowners can claim tax deductions of up to ₹2 lakh on interest paid for a home loan under Section 24(b) of the Income Tax Act. Additional deductions of ₹1.5 lakh on the principal repayment under Section 80C are also available. Better Loan Interest Rates Many banks and financial institutions offer home loa...