Stamp Duty Registration
Registration and stamp duty fees for property transactions
Buying a residential or commercial property through M & P Developers means understanding the stamp duty and registration fees that apply. As of April 2012, here’s what’s going on:
The stamp duty is:
The stamp duty is calculated at 5% of the market value or the consideration paid under the agreement, whichever is higher.
On January 1st, the government releases its Stamp Duty Ready Reckoner, which determines the market value.
The registration fee is:
As well as stamp duty, there’s a registration fee of 1% of the market value or consideration amount.
There’s a maximum registration fee of Rs. 20,000.
The team at M & P Developers makes property ownership seamless and hassle-free by keeping our clients well-informed and guiding them through the entire legal process.