Hi,
The ready reckoner rate, market value, or circle rate of the property is used to determine stamp duty. Here's how to figure it out:
For instance:
The circle rate in your area is Rs. 5,000 per square foot.
Property size: 1,000 square feet
Cost of property at circle rate: Rs. 50 lakh
Stamp duty is charged at 6%.
Stamp duty is due: 6% of Rs. 50 lakh is equal to Rs. 3 lakh.
1 per cent in registration fees
Registration fees: 1 per cent of Rs. 50 lakh is equal to Rs. 50,000.
The total amount due for stamp duty and registration fees is Rs. 3.5 lakh.
So, you can calculate the stamp duty on the purchase of a flat worth ₹30000 on your own now. Legal peace of mind crafted by NoBroker's trusted experts.Your Feedback Matters! How was this Answer?
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What's the stamp duty on purchase of flat worth Rs 30000/-
Saira
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3 Year
2022-07-11T12:41:36+00:00 2022-07-11T12:41:37+00:00Comment
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