Is it more beneficial to register an immovable property on a woman’s name?

Yes, it is more beneficial to register an immovable property on a woman’s name, as many states and banks have introduced financial benefits for women buying property. As a result, buying property in a woman’s name can bring many advantages such as:

• Lower stamp duty rates: States like Delhi^{(( More information available at: http://fs.delhigovt.nic.in/wps/wcm/connect/doit_revenue/Revenue/Home/Services/Property+Registration))}, Haryana^{(( Stamp Duty can be calculated at https://jamabandi.nic.in/StampDuty by entering the gender of the owner and the stamp duty for women is 5% of the total value of the property and for men, it is 7%))}, Rajasthan^{(( Detailed information available at https://igrs.rajasthan.gov.in/writereaddata/Portal/Images/fees_new.pdf))} and Uttarakhand^{(( More information available at:  https://registration.uk.gov.in/files/Stamps_and_Registration_-_Stamp_Fees__Regn_Fess.pdf))} have lower stamp duty rates for women buyers or for joint buyers, as compared to sole male buyers.
• Reduced home loan rates: Many banks and financial institutions offer loans at discounted interest rates for women buyers. The specifics can be found on the banks’ official websites.
• Tax Exemptions: Women homeowners are eligible for tax deductions on interest paid towards home loans. Women are also eligible for other tax benefits.^{(( More information on the benefits available to women homebuyers available at: https://blog.ipleaders.in/benefits-women-home-buyers-india/))}