Stamp Duty Calculator

About Stamp Duty

Stamp duty is a tax levied on legal documents, particularly those related to the transfer of property or real estate. It is a mandatory payment to the state government for making a property purchase legally valid.

Buying and selling a house or land is a relatively rare occurrence in the lives of ordinary people. If you want to buy or sell land, a house, a flat, or a car, it is important to know what aspects are important in such transactions. Because if there is not enough information, there is often a possibility of fraud. To avoid fraud due to ignorance, you should understand what aspects are involved in house and land transactions, and what those concepts are.

Understand the important stages of the transaction

When considering buying a house, we initially think only about the construction cost. However, while purchasing any property, we have to pay GST, stamp duty, and registration fees. But are all these things accurate? What percentage are they? And many people do not know who charges these fees.

What is Stamp Duty?

When any property is traded, the government levies some tax on it. This tax is called stamp duty. It is levied on residential and commercial property transactions. The state government has the right to levy this tax. Therefore, these taxes are different in every state. The Indian Registration Act, of 1908, stipulates how documents have to be registered. A stamp duty of five percent is levied in the state. Along with that, LBT and Metro Cess of one percent each are levied.

How to Use the Stamp Duty Calculator

Enter the property value

Input the applicable stamp duty rate for your state and property type

Enter the registration rate (typically around 1%)

Add any additional charges if applicable

Automatically calculate the stamp duty, registration charges, and total charges

what is stamp duty calculator

By using this stamp duty calculator, you can easily calculate the stamp duty and registration charges for a property purchase. This tool is useful for individuals who want to buy property in India.

Important Notes

• Stamp duty rates vary by state and can change periodically
• Some states offer concessions for women buyers
• Rates may differ for urban and rural properties
• Different rates might apply for residential, commercial, and agricultural properties
• Additional charges may include processing fees, transfer charges, etc.

Frequently Asked Questions

What is stamp duty?

Stamp duty is a government tax levied on legal documents and transactions, particularly in real estate deals. It's a mandatory payment that makes the property transaction legally valid and is calculated as a percentage of the property value.

How can I find the current stamp duty rate for my state?

You can find current stamp duty rates by:

• Checking your state government's revenue department website
• Consulting with a local property lawyer or real estate agent
• Visiting the local sub-registrar's office
• Contacting a property registration office in your area

What factors affect stamp duty rates?

Several factors can influence stamp duty rates:

• Property location (urban/rural)
• Property type (residential/commercial/agricultural)
• Property value
• Buyer's gender (in some states)
• Special schemes or concessions

What are registration charges?

Registration charges are additional fees paid to register the property in your name. These are typically around 1% of the property value but may vary by state. This is separate from stamp duty and is mandatory for property registration.