Property Registration Charges in Indore

Q: What are the stamp duty and registration fees for buying property in Indore?

Aditya Jogi, Indore

7th May 2014

Property Tax in Indore

buying property in indore

stamp duty in indore

property registration in indore

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Hey, the stamp duty is 7.5% of the market value of the property. The market value of the property is not the actual value at which it is being sold to you. The market value is calculated by following a set of guidelines, which are available with sub-registrar. You can find out the same by visiting the sub-registrar’s office under whose jurisdiction the property falls.
The registration fee is to be paid at the same sub-registrar’s office when you are registering the final documents like sale deed. The amount is 0.8% of the market value of property.
You can’t register your property papers without paying the stamp duty first.

Naveen Jaitley, Indore

29th May 2014

Comment

According to the Stamp Act of Madhya Pradesh, you will have to pay a stamp duty of 7.5% on the market value, when buying property in Indore. Failing to pay the stamp duty on time will lead to heavy penalty. You can pay the duty by buying stamp papers of the same value and printing out and signing the sale deed in them.
To register a property you need to pay a fee of 0.8% of the market value. The registration fee is important to formalize the transfer of property to your name

Rahat Amin, Indore

29th May 2014

Comment

The stamp duty that you have to pay for buying property in Indore is 8% of the market value of that property. This has to be paid at the office of the local sub-registrar, where the deed of the property is registered. Payment of the stamp duty in Indore falls under the Stamp Act of Madhya Pradesh.
The registration fee is only 0.8% of the market value of property. You need to pay this amount when registering your property with the sub-registrar or the district registrar.

Faizan Khan, Indore

7th May 2014

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