Q:I’m looking to buy property in a Hyderabad locality soon. What is the stamp duty that I can expect? Are there any other charges that I should know about?
Latest Answer: See, when you are going to buy any kind of property, the first thing you should be doing is verifying the title deed for any discrepancies. The title deed is what needs to be transferred from one owner to another. In this process, the first charge will be the 7 percent stamp duty on the sale agreement, the second charge will be the mandatory 2 percent transfer fee, and third charge will be the o.5 percent registration fee. This present model is applicable under every municipal corporation in the state. So, the total percentage of the transaction that you’d have to end up paying to the Government would come up to 9.5 percent.
