In a nutshell, No, SBI home loans do not cover stamp duty and registration fees within the loan amount. These are considered separate, out-of-pocket costs and aren’t financed under the loan. Many borrowers often ask, "Does SBI home loan include stamp duty registration?” But according to SBI’s Terms & Conditions, the loan amount is used solely for the property’s purchase, construction, extension, or renovation but does not include costs related to stamp duty or property registration.
Does SBI Home Loan include Stamp Duty & Registration?
No! The most important terms explicitly state that the borrower must finance the full cost of stamp duty and registration charges themselves, even though the bank registers a lien on the property.
Additionally, SBI levies separate fees and GST components processing fee, legal and valuation costs, plus CERSAI registration but these are distinctly separate and non-financed.
Stamp duty in India typically ranges from 5 to 7% of property value, and registration fees around 1%. These expenses may still qualify under Section 80C deductions (up to Rs1.5 lakhs) in your first year. Bank’s financing limit (LTV) is always calculated based on the property’s value excluding these additional charges.
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I would like to help you by answering does SBI home loan include stamp duty registration or not. The answer is no, SBI does not cover the stamp duty registration in its home loan. The bank says that the cost of both, the stamp duty as well as the registration must be borne by the loan borrower. Let me tell you more below.
Apart from the exclusion of the stamp duty charges from the home loan, The bank has laid guidelines for the home purchased or constructed with bank’s finance to be insured. The house must be insured against the risk of fire/earthquake/riots/lightning, etc. in the in the joint names of the borrower and the Bank for the actual project cost after netting off the cost of stamp duty, registration charges and the cost of land (including undividedshare of land in case of flats),.
SBI Home Loan Fees and Charges
Here are the fees and charges levied by SBI for the housing loan:
Processing Fee: 0.35 percent of the loan amount plus applicable GST. At least Rs. 2,000 plus applicable GST and maximum Rs. 10,000 plus GST.
Legal Opinon and Search Report: Actual expenses will be charged.
Stamp Durty and Registration Charges: Actual expenses will be charged.
So, this is all I have to share with you. I hope you find this useful.
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Some related information:
SBI Home Loan Legal and Valuation Charges Explained
Does SBI Home Loan Include Stamp Duty Registration?
tej80
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2025-03-24T16:49:56+00:00 2025-03-25T19:39:04+00:00Comment
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