In The Event Of A Transfer Of Immovable Property, What Are The Stamp Duty And Registration Charges?

In The Event Of A Transfer Of Immovable Property, What Are The Stamp Duty And Registration Charges?

In The Event Of A Transfer Of Immovable Property, What Are The Stamp Duty And Registration Charges?

Stamp duty is collected by the state government in order to authenticate your registration agreement. A registration document bearing a stamp duty paid tag serves as a legal document in court to establish your ownership of the property. One cannot officially claim ownership of a property without paying stamp duty. As a result, paying the full stamp duty fee is mandatory. The stamp duty fee varies state-wise. In most states in India, 5% to 7% of the total market value of the property is charged as stamp duty while 1% is charged as a registration fee.