Latest Answer: Yes, the rates of stamp duty have fallen considerably. Not just for sale deeds, but also for gift deeds and mortgage agreements.
The development or construction agreement is only 0.5% now, and the mortgage with possession agreement is 2% instead of 5% of the market value. Gift deeds are 1% in favor of relatives and 4% in favor of others.
You must keep in mind that the different stamp duty rates are chargeable on the market value of the property and not on the actual price of the property.
Q:Hi..i want to register my property in Hyderabad..but there is long queue at sub registrar offices at various place. Financial year is ending..i don't know it will be registered or not.
Latest Answer: The land rates in Kondapur has been proposed at Rs 15,000 per sq yard and Rs 30,000 in residential colonies and on main road respectively.
