Stamp duty is the tax placed on your real estate documents during the sale or transfer of the property. It is high at different rates throughout India. With our stamp duty calculator, you know the exact amount you must pay as stamp duty in each state or city. Before applying for a home loan, check the stamp and stamp duty for the state where you want to buy the property. Remember, your home loan doesn`t pay for these fees, so you start saving these fees in advance. A stamp duty calculator is a tool to calculate the exact stamp duty that you have to pay in each city or state in front of the house. You can easily calculate stamp duty online by entering real estate details such as the value of the property and the condition in which your home is located. Stamp duty and registration fees are a necessary fee that you have to assess, as the figures for these fees can go into lakhs. As a general rule, you must pay 5%-8% of the value of the property as stamp and registration duty. For stamp duty, you must pay 5% to 7% of the value of the property and 1% of the value of the property as a flat registration fee. The lease agreement for stamp duty registration is subject to the Registrar.
Agencies concerned Stamp duty is paid at the time of registration with the Deputy Chancellor of Insurance, who is responsible for the location of your home. The stamp duty payment is on you as a buyer of the property. Remember that non-payment of stamp duty will result in a penalty, so be sure to arrange money before signing the agreement. When it comes to francization, only banks or agents who have official government authorization can add the stamp of francization to your deed of sale and real estate credit contract. Typically, these services are only available for a few hours of the day and banks have made a limit on the amount of francisation work on a given day. So make sure that you or your broker ensure that these formalities are completed within the chosen time frame. You must pay 5% -7% of the value of the property as stamp duty. Previously, stamp papers were used to confirm that the stamp duty had been paid. However, they were falsified, abused and resulted in fraud that led to the cessation of the practice by the government.