The stamp duty rates in Chennai are 7% of the market value of the property and you this cost should be factored in while you think of applying for a home loan to buy your chosen property. The property registration charges in Chennai are 1% of the value of the property. The stamp duty and registration charges in Chennai are the same for both rural and urban areas. The charges are also the same for both men and women. The market value of the home is the benchmark value decided by the Chennai Government. The figures are also the same for resale properties.
Stamp duty and registration charges can be paid at the sub-registrar/registrar’s office in the jurisdiction where you purchased the property. You can pay these charges through non-judicial stamp paper or online via the e-stamping provision. You can also pay through RTGS/NEFT/DD deposit or cash at SHCIL (Stock Holding Corporation of India Limited) branches in the city. Calculate the stamp duty and property registration charges with our easy-to-use stamp duty calculator.
Also Read: Does a Home Loan Cover Stamp Duty and Registration Charges?