Frequently Asked Questions
Stamp duty is typically calculated on the entire transaction value of the property, which is usually based on the Super Built-up Area or the equivalent total area of the property as per the sale agreement, rather than just the carpet area.
Many state governments have introduced online portals (e-stamping and e-registration) for paying stamp duty and registration charges, making the process more convenient. Check your state’s official revenue department website.
Under-declaring property value is illegal and can lead to severe penalties from tax authorities, including fines and potential legal action, if discovered.
No, stamp duty and registration charges are applicable on the transfer of property ownership, regardless of whether it’s a new property being bought from a developer or a resale property from an individual owner.
Circle Rate (also known as Ready Reckoner Rate or Guidance Value) is the minimum value of a property as determined by the state government for a particular area. Stamp duty is calculated on the higher of the circle rate or the actual transacted value.
Some states offer a female-specific rebate. If a property is jointly owned by two males, they might pay the standard male rate. If two females own it, they might get the female rebate. If it’s male+female, some states offer a partial rebate or treat it as a male rate, depending on the specific state’s policy.
Generally, a sale deed must be registered within four months from the date of its execution (signing). Delay beyond this period may incur penalties.
