Stamp duty charges in various cities
Stamp duty rates*
Males - 7%
Females – 5%
5% (Consideration Above Rs. 35 lakh)
3% (Consideration between Rs. 21-35 lakh)
2% (Consideration Less than Rs. 20 lakh)
Upto Rs. 40 lakh - 7%
Above Rs. 40 lakh - 8%
* Registration Charges as applicable must be paid in addition to the Stamp Duty
These rates are indicative and remain subject to change depending on the laws and government guidelines, applicable at the time being. Customers are advised to seek independent legal advice before acting on the basis of the information contained in the Website and shall always be sole responsibility and decision of User. In no event shall BFL or the Bajaj Group or any of its agents or any other party involved in creating, producing, or delivering this Website shall be liable for any direct, indirect, punitive, incidental, special, consequential damages (including lost revenues or profits, loss of business or loss of data) or any damages whatsoever connected to the User’s reliance on the aforementioned information.
Stamp duty and registration charges calculator
When taking a home loan, there are a host of expenses involved beyond the cost of the house itself. Stamp duty and registration charges are among the extra charges that need to be paid when you register ownership of your new house. The Bajaj Finserv Stamp Duty Calculator is designed to help you accurately assess the amount of stamp duty you will have to pay towards your property, so that you know exactly how much home loan you need.
What is stamp duty?
Stamp Duty is a fee levied by the state government when buying a new property. This fee is used to validate the registration of the property in your name, and legalise your property ownership document. Without paying Stamp Duty on the property registration document, you will not be considered a legal owner of the property in question.
How are stamp duty and registration charges calculated in India?
The cost of stamp duty is generally 5-7% of the property’s market value. Registration charges tend to be 1% of the property’s market value. As such, these charges can run into lakhs of rupees. To avoid any shortfall in funds when buying your home and registering the property in your name, ensure that you also requisition for the stamp duty and registration charges when you apply for the home loan amount.
There are several factors that determine the exact amount of stamp duty you will need to pay. These are:
- The market value of the property
- Type of property, along with the number of floors
- The intended usage for the property, whether residential or commercial
- Location of the property
- Age and gender of the property owner
Calculate your stamp duty and registration charges
Stamp duty is determined based on the property's ready reckoner rate, market value, or circle rate. Here is how you can calculate stamp duty:
Circle rate in your area: Rs. 4,000 per sq ft
Size of the property: 1,000 sq ft
Property cost as per circle rate: Rs. 60 lakh
Stamp duty rate: 6 percent
Stamp duty payable: 6 percent of Rs. 60 lakh = Rs. 3,60,000
Registration charges: 1 percent
Registration charges payable: 1 percent of Rs. 60 lakh = Rs. 60,000
Total stamp duty and registration charges payable: Rs. 4,20,000
Steps to use stamp duty calculator
You can use the stamp duty calculator to check the stamp duty on your property. Follow the below steps:
- Visit the stamp duty calculator
- Select your state from the drop-down menu
- Enter your property value either by using the slider or by manually entering the value
That’s it, you will now be able to see the stamp duty of your property.
How to pay stamp duty?
You can pay stamp duty online, or offline, via one of the following methods:
- Physical stamp paper: This is the most common way of paying stamp duty. Stamp paper can be bought from authorised sellers. The details of the property registration or agreement are then written on this paper. However, if the stamp duty charges are high, then this method becomes inconvenient as you will need to purchase a number of stamp papers
- Franking: In this method, you need to go to an authorised franking agent, who will apply a stamp to your property documents, indicating that the stamp duty has been paid. There is usually a minimum amount required in order for this method to be used. In addition, a franking charge is levied by the agent, which is then deducted from the overall stamp duty that you have to pay. Most banks offer franking agent services to home buyers
- E-stamping: E-stamping is the most convenient way to pay stamp duty charges, as you can do so online via the SHCIL website (Stock Holding Corporation of India). Simply visit the website, select the state in which your property is located, fill out the application form, and submit it to the collection centre along with the funds required. Once you have paid the amount, you will get an e-stamp certificate with a Unique Identification Number (UIN).
Documents required for payment of stamp duty and registration
The documents required for stamp duty payment and property registration in India typically include:
- Sale Deed or Agreement
- Identity Proof (Aadhar card, voter ID, etc.)
- Address Proof (Utility bills, etc.)
- PAN Card
- Passport Size Photographs
- Property Documents (Title deed, possession certificate, etc.)
- Encumbrance Certificate
- No Objection Certificate (NOC)
- Payment Receipts
- Power of Attorney (if applicable)
Verify specific requirements with the local registrar's office or consult a legal expert for a smooth registration process.
Stamp duty and registration charges in top cities:
Stamp Duty Calculator FAQs
Yes, stamp duty can be claimed as a tax deduction under Section 80C of the Income Tax Act, up to a maximum limit of Rs. 1,50,000.
No, stamp duty is not refundable.
Stamp duty and GST are separate charges levied on the sale of a property.
Stamp duty and registration charges are not included in the home loan amount sanctioned by lenders. This expense is borne by the buyer.
Stamp duty charge is a mandatory tax levied by the government on property transactions. The rate of stamp duty varies from state to state in India and is generally a percentage of the property's transaction value or the property's ready reckoner rate, whichever is higher.
The stamp duty charges are typically paid by the buyer of the property. It is the responsibility of the buyer to pay the stamp duty to the state government as per the rates prescribed by the respective state's Stamp Act.
Yes, a stamp duty calculator can indirectly help in availing home loans. Stamp duty is a tax imposed by the government on the transfer of property ownership. When you buy a property, you are required to pay stamp duty on the property's value. This stamp duty amount can be a significant expense, and it is essential to factor it into your overall budget when purchasing a property, especially if you're planning to finance the purchase through a home loan.
Here's how a stamp duty calculator can help in the context of availing home loans:
Budgeting: Calculate precise stamp duty based on property value and state rates. Effective budgeting comprehends property ownership costs.
Loan eligibility: Uncovered stamp duty in budget might alter loan eligibility. Accurate inclusion aligns loan request with property and tax expenses.
Down payment: Home loan covers part of property cost; rest is down payment. Stamp duty isn't part of loan; knowing amount aids accurate down payment planning.
A stamp duty calculator indirectly enhances home loan access. Accurate cost insights facilitate budgeting, eligibility, down payment planning, and negotiation, streamlining the home purchase and loan process. You can also use a home loan EMI calculator to estimate the EMI amount you need to pay for your home loan.
Stamp duty value is calculated based on several factors, primarily market value, transaction value, or ready reckoner rates set by local governments. These rates are used to assess the tax payable on legal documents like property transactions. The specific calculation method can vary by location, and government guidelines or professional appraisals may be involved in determining the value.
Yes, stamp duty charges can vary for different locations within the same state. In many countries and states, including India, the specific rates and regulations for stamp duty are determined at the state or regional level. As a result, different areas or localities within a state may have their own stamp duty rates and charges.