Hi,
There are other costs associated with taking out a mortgage in addition to the price of the residence. When you register the ownership of your new home, there are additional fees that must be paid, including start duty and registration fees. When purchasing a new property, the state government assesses a levy known as staff duty. This charge is used to formally certify the ownership paperwork and authenticate the property's registration in my name. You won't be regarded as the property's legal owner if you don't pay stem duty or other property registration documents.
Typically, 5 to 7% of the market value of the property goes towards stamp duty. Typically, registration fees equal 1% of the market value of the property. As a result, these fees can reach lakhs of rupees.
Navigate legal matters with ease through NoBroker's expertise.Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
What is the stamp duty and registration charges?
sunil joshi
132 Views
1
2 Year
2023-04-25T09:27:28+00:00 2023-04-27T12:57:28+00:00Comment
Share