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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March 21, 2024
2024-03-21T13:41:39+00:00 2024-03-21T13:41:40+00:00Comment
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