How to determine the Registration and Stamp Duty Charges?

Q: How to find out the registration charges for land for transaction?

KARUNAKARA PANDIAN, Apartment Resident

26th July 2012

Property Selling in Chennai

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Replies (9)

registration charge is fixed for property according to state level.

Sundar, Chennai

15th October 2014

Comment

The calculation of stamp duty is on the basis of guideline value set by the state government and not on the basis of market value of the property.

Vivek Kulkarni,

12th September 2013

Comment

AS far as i know in Chennai, the registration charge is the usual one per cent. After the decrease in stamp duty fee, the sector is going to be more organized now as buying improves and the political control eases in the real estate sector. Since, the stamp duty has come down, the guideline value has increased.

James Desouza, Goa

12th September 2013

Comment

Hello, you can follow this link for your requirements. List your property for sale at List property for sale to find right buyer

Anuj Gupta, Mumbai

27th August 2013

Comment

Even Service tax and VAT charges are also applicable..

manjunath.d1990,

1st August 2012

Comment

Hi, what is the cost of land? If the land costs 1 lakh then registration cost will be 1% of 1 Lakh, i.e., Rs 1000. And stamp duty will be 5%, i.e, Rs 5000.

manjunath.d1990,

1st August 2012

Comment

I completed agree with Kiran and Alex. The stamp duty as well as over all registration charges are likely to reduce. For example: Cost of registration of a property valued at Rs 50 lakh. Existing charges - Rs 4 lakh stamp duty and Rs 50,000 registration fees. Proposed revised charges - Rs 3.5 lakh stamp duty and Rs 50,000 registration fees.

P Viswanathan, Chennai

27th July 2012

Comment

Hey the calculation of stamp duty is on the basis of guideline value set by the state government and not on the basis of market value of the property. Guideline value is arrived at by taking into consideration the volume and nature (primary or secondary sale) of transactions in a specific area.

Himani,

6th June 2014

Earlier the overall registration charge for properties was 9% even this has also come down to 8%

Registration charges(stamp duty charges+surcharge+ registration fee)= overall registration charges.

Registration charges(5%+2%+1%)= 8%

Alex Stephen, Chennai

27th July 2012

Comment