Stamp Duty Calculator

Calculating the required stamp duty for property registration varies by state.

Stamp duty and registration charges are crucial taxes that a homebuyer must pay to city authorities to register a property under their name. Various state governments impose different rates for these stamp duties and registration fees.

How are stamp duty and registration charges calculated in India?

In India, stamp duty is typically 5-7% of the property's market value, while registration charges are usually 1% of the market value. Consequently, these fees can amount to lakhs of rupees. To avoid a funding shortfall when purchasing and registering your home, make sure to account for stamp duty and registration charges when applying for your home loan.

There are several factors that determine the exact amount of stamp duty you will need to pay. These are:

• 1. The market value of the property
• 2. Type of property, along with the number of floors
• 3. The intended usage for the property, whether residential or commercial
• 4. Location of the property
• 5. Age and gender of the property owner

Current stamp duty rates across States

Understanding the significance of levying real estate stamp duty is crucial, and knowing how to calculate it is equally important. A stamp duty calculator aids in computing these charges. Below is a state-wise list of stamp duty and registration charges to help you understand the current rates in your respective state.