How is Stamp Duty value Calculated? | EstateUncle |

Описание: How is Stamp Duty value Calculated? Part 1

The cost of stamp duty is generally 5-7% of the property's market value. Registration charges tend to be 1% of the property's market value. As such, these charges can run into lakhs of rupees.

30,000. For properties below Rs. 30 lakh - 1% of the property value. The stamp duty rate in Mumbai is 6% for men, 5% for women, 6% for joint owners (male and female), 5% for joint owners (female and female), and 6% for joint owners (male and male).

The rate of Stamp Duty varies from one state to another. However, this charge usually hovers in the range of 4 to 7 per cent of the value of a property. Whilst purchasing a house, you shall be legally required to pay both the Stamp Duty and the Registration Charges as per the rates prevailing in the state where the property is located.

It is easy to calculate the Stamp Duty and Registration Charges payable on your property. Let us understand this with the help of an example. Ms Sharanya purchased a house in Mumbai with the consideration value of ₹1 crore in October 2023. The Stamp Duty rates prevailing in Mumbai at the time were 5 per cent for female buyers and 6 per cent for male buyers, and the Registration Charges were 1 per cent of the value of the property or ₹30,000 (whichever is lower).


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