What is stamp duty?

Q: I want to buy a property. Am I liable to pay stamp duty? If yes, how much?

Kamal Shekhawat, Ahmedabad

12th October 2011

Property Tax in Ahmedabad

stamp duty

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Hi All, I would like to know revised stamp duty and registration charges in Gujarat State. Soon, I am going to buy property and would like to know all hidden charges which are excluding from the loan amount.

Vikas Modi, Ahmedabad

6th October 2015

Comment

An Awesome article was written regarding stamp duty and registration charges. Have a look in this link:
http://www.commonfloor.com/guide/stamp-duty-and-registration-fee-in-states-41750.html

V. Victor,

6th October 2015

Is these charges are different for men and women. What is the stamp duty and registration charges for women in Ahmedabad?

Vikas Modi, Ahmedabad

6th October 2015

@Vikas
Currently, female property owners have to pay stamp duty at 4.9 per cent of the market price of the property or the transaction value, whichever is higher. Men are charged a higher rate of 5.9 per cent. This difference in stamp duty rates is aimed at empowering women and motivating more families to register properties in the name of female family members. Registration fee remains the same for everyone at 1 per cent. also an additional VAT of 3.6 per cent has to be paid in case of new properties.

V. Victor,

6th October 2015

Stamp Duty is a kind of tax collected by the Government of a state on every document by which any right, title, interest or liability is created, transferred, extended, extinguished or recorded. Stamp duty payable for registration of property is different and varies in various states/cities in India. Since the values of transactions in the real estate market tend to be quite high, the amount of stamp duty is also a large amount.

Anuj Gupta, Mumbai

12th October 2011

Comment

If you are buying a property, remember that payment of stamp duty and registration charges to the government is an integral part of the procedure which helps to protect your property against future disputes.

Chandan Thanki, Ahmedabad

6th October 2015

Hi Anuj, I agree with you view point and like to say that the Stamp duty is the tax that the buyer of a property must pay to the state government on any property transaction while registration fee is paid for the maintenance of ownership records. These charges help lend authenticity to the property documents and safeguard the owner's interest in case of any future dispute or fraud. Stamp duty charges vary from one state to another and may depend on gender, municipal areas or income groups within the state too.

Kamal Shekhawat, Ahmedabad

6th October 2015