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Hi!! What are the new rates for stamp duty and registry in Indore, Madhya Pradesh for current financial year(2016-17)

Q: Hi!! What are the new rates for stamp duty and registry in Indore, Madhya Pradesh for current financial year(2016-17)
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Replies (4)
1
Hi,

I had a question regarding if i have a plot in the name of my grandmother and per her wish she wants to transfer the plot between her sons, will they be stamp duty and registry charges for the same?
Nimeshmaheshwari


2
Hi Gaurav!!!
But remember that purchasing land or residential property will now become costly in Madhya Pradesh as the stamp duty on registry of property documents which was now calculated on the basis of 0.125% of the property value is proposed to be raised to .5%. The Government wants to use the additional income that would be generated through this hike on creating jobs in the rural areas.
Ravi Ji


3
Hi Gaurav!!!
Stamp duty and registration charges in Madhya Pradesh for the current financial year 2016-17 is 8% and 1% respectively.
Rishi Dev


4
Hello,, a bit more explanation here... this query is for plot which comes under Nagar Nigam. Hope, this will clarify my question more :)
Gaurav Mishra


5

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