Property mutation charges, also known as property transfer or registration fees. It is a nominal charge that is applied for the process of updating ownership details in official records maintained by the local municipal or revenue authorities.
What is Mutation Fee?
The mutation fee varies across different states in India and is subject to change based on local regulations and policies. Here's an overview of the property mutation fees in some major states in India:
In Maharashtra, the property mutation fee is typically a percentage of the property's market value. It can range from 1% to 2% of the property value.
In Karnataka, the property mutation fee is calculated based on the guidance value or market value of the property. It generally ranges from 0.5% to 1% of the property value.
In Delhi, the property mutation fee is fixed at a nominal amount. As of the last available information, the mutation fee in Delhi was around Rs. 200 to Rs. 500.
In Tamil Nadu, the property mutation fee is typically a percentage of the property's guideline value. It can range from 1% to 2% of the property value.
In Uttar Pradesh, the property mutation fee is usually a fixed amount, which varies depending on the type and size of the property. As of the last available information, the mutation fee in Uttar Pradesh ranged from Rs. 100 to Rs. 500.
In West Bengal, the property mutation fee is calculated based on the property's market value. It can range from 1% to 2% of the property value.
In Kerala, the property mutation fee is typically a percentage of the property's fair value. It can range from 1% to 2% of the property value.
In Gujarat, the property mutation fee is calculated based on the property's market value. It can range from 0.5% to 1% of the property value.
In Telangana, the property mutation fee is usually a fixed amount, which varies depending on the type and size of the property. As of the last available information, the mutation fee in Telangana ranged from Rs. 100 to Rs. 500.
This is all about what is property mutation fee.
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What is Property Mutation Fee?
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2024-03-27T16:17:31+00:00 2024-04-10T19:01:15+00:00Comment
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