The stamp duty on commercial property differs amongst Indian states based on a number of variables. One such factor is the area’s active commercial real estate market. I had checked about Bangalore and Hyderabad’s stamp duty charges when I wanted to invest in one. I can tell you about these states and a few other states as well.
How Much is Stamp Duty on a Commercial Property?
Stamp duty is an unpredictable aspect that varies from state to state and is influenced by a number of factors. Stamp duties on commercial properties are also higher.| State | Stamp duty charges |
| Maharashtra | 5% |
| Karnataka | Up to 3% |
| Delhi | Up to 6% |
| West Bengal | Up to 5% |
| Tamil Nadu | 7% |
| Telangana | 4% |
| Gujarat | 3.5% |
| Kerala | 8% |
| Uttar Pradesh | 7% |
What Factors Affect the Commercial Property Stamp Duty Rates?
- Property age: Newer construction will have a higher stamp duty, whereas older buildings will have a reduced tax
- Owner's age: Elderly citizens will receive a discount on stamp duty.
- Gender of the owner: Many states offer stamp duty and registration fee discounts to women
- Commercial Buildings: Commercial structures require greater floor space, facilities, security, etc. As a result, higher obligations are assessed.
- Location: Location will dictate stamp duty and market value.
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What is Stamp Duty on Commercial Property in India?
Shilpa
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2024-03-21T13:41:39+00:00 2024-03-21T13:41:40+00:00Comment
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