In India, stamp duty on a resale flat is calculated based on the higher of the property\'s actual transaction value or its government-assessed circle rate/ready reckoner rate. These rates are determined by the state government and reflect the property\'s minimum value for taxation.
You can obtain the valuation from the local Sub-Registrar\'s Office or online on the state’s property registration portal.
Ensure the property\'s age, location, and amenities are factored into the valuation.
You can also engage a property lawyer or consultant to verify the calculations and confirm that your stamp duty payment aligns with legal requirements for a smooth transaction.
Consult NoBroker Lawyer and Get Stamp Duty Payout Valuation for Your Property
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How to calculate resale value of flat in Bangalore?
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I want to purchase a resale flat; hence, I want the valuation for stamp duty payout.
Manas kumar Chaudhuri
111 Views
1
10 months
2025-01-17T10:52:13+00:00 2025-01-21T11:17:57+00:00Comment
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