The stamp duty on the transfer or resale of an under-construction property is governed by state-specific regulations. It varies from state to state, and depends on various factors such as the property's value, location, and other circumstances.
It's important to check the latest rates and regulations in the specific state where the property is located, as these rates can change over time. You can also consult with your local registrar's or visit the official website of the respective state's revenue department. If you are in Karnataka, the stamp duty on transfer or resale of under construction property will be 3% if the property value is Rs. 45 lakhs, for those less than Rs. 45 lakhs, the stamp duty payable will be 2%. If your property is more than worth Rs. 45%, you will have to pay stamp duty of 5%.
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What is the Stamp Duty on Transfer/Resale of Under Construction Property
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2023-10-21T10:05:37+00:00 2023-10-23T11:14:17+00:00Comment
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