Hi Shiv!!! As per the revise stamp duty and registration charges in Madhya Pradesh for the current financial year 2016-17 is 8% (Stamp Duty) and 1% (Stamp Duty) respectively.
Hi, Inside Bhopal Municipal Corporation Limits: For Houses – 9.5% of the cost of house (i.e. 7.5% stamp duty + 1% Panchayat Fee + 1% Municipal Corporation Fee) + 1% Registration Fee.
For Open land (i.e. Plot or Agricultural Land) – 9.5% of the cost of the land + 1% Registration Fee ( both as mentioned above) + 5% of 7.5% stamp duty as surcharge
Gud evening Akhilesh! And outside Bhopal Municipal Corporation Limits: For Houses – Same as mentioned above for houses, only excluding 1% Municipal Corporation Fee For open land – Same as mentioned above for houses, only excluding 1% Municipal Corporation Fee Note: If the buyer is a woman, she is exempted from 2% charge on stamp duty.
At present the rates of the Stamp Duty in respect of Sale, Gift and Mortgage with possession are 5% of market value of the property or consideration amount, whichever is higher. These rates has been reduced from 8% to 5% w.e.f. 10-4-2007 vide notification No. Revenue-stamp (F)1-1/2005. As such, the rates of Registration fees are 2% of the above amount subject to the minimum of Rs. 5.00 and maximum limit of the Registration Fees has been fixed Rs. 25,000/ vide notification No. Rev.1-9(stamps)3/79 dated 13-4-1999.
My father want's to transfer 20 Acre land to my name so how much we have to pay for registration. Is it comes to registry or any transfer rules are there ?