Stamp Duty: Stamp Duty is a type of tax which is charged by the state government on the legal documents related to any property transaction. Registration Charges: The charges paid for registering any property in someone’s name are called Registration Charges.Stamp Duty and Registration Charges establish legality to the documents and prevent disputes related to the property. The Stamp Duty functions as the ownership proof in the court of law. How to calculate Stamp Duty and Registration Charges?The rates of Stamp Duty differ from state to state as the state governments fix the Stamp Duty. Stamp Duty rates can be between 2% to 10% of the market value of the property. The rates depend upon where the property is located, usage of it, type of the property, gender and age of the property’s owner, etc. Registration charges are levied by the central government, so registration charges are mostly the same all over the country. The Registration Charges are 1% of the market value of the property. There are various online stamp duty calculators available online which can be used by you in case of need. Stamp Duty and Registration Charges in different citiesFollowing is the list of stamp duty charges being charged in some of the cities across the country:City and rate of the Stamp Duty
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How to calculate stamp duty and registration charges?
Saurabh Jain
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June 3, 2021
2021-06-03T12:56:44+00:00 2023-10-18T18:07:37+00:00Comment
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