Tax Troubles? We've Got You Covered!
Tax Advisory Services
Get Expert Consultation Now!
  • 2500 Cr. Saved Already!
  • Trusted by 1 Million+
  • 10+ Yr. of Industry Experience
Tax Advisor

Stamp Duty

  • Definition of Stamp Duty
  • What is Stamp Duty?
  • Stamp Duty in India

Definition of Stamp Duty

Stamp duty is a kind of state tax that is levied on the transfer of ownership in immovable property. The state government levies stamp duty. Stamp duty validates the ownership of immovable property.

Stamp duty is legal proof of property ownership that shows the current status of the legal authority. Without it, it would be impossible to say who is a legal owner of immovable property.

Stamp duty is a chargeable duty imposed by the ministry of the state.

What is Stamp Duty?

Stamp duty is a payable tax imposed on individuals or other legal entities. It comes under the Indian Stamp Act of 1899. The property buyer is liable to pay the full stamp duty on time because this proof of property’s ownership is only valid for the stipulation period of stamp duty for which it is prescribed. Once the stipulation period of stamp duty expires, it will no longer be valid to state the legal ownership of an individual on that immovable property.

Moreover, the stipulation period of stamp duty is decided by various factors, such as location or area of the property, purchase prices of the property, market rates of old or fresh property, gender of the buyer, age of the buyer, purchase intent, amenities attached with property, etc. All of these factors are considered at the time of stamp duty registration.

Stamp Duty in India

Check and compare the different stamp duties & registration fees in India as per the locations:

Location Stamp Duty Registration Fees
Delhi 4% - 6% 1% of the deal
Bangalore 2% - 5% 1% of the property rate
Mumbai 3% - 6% 1% of the property rate
Kolkata 5% - 7% 1% of the total property rate
Chennai 1% - 7% 1% to 4% of the property rate
Uttar Pradesh 7% 1% of the total property rate
Maharashtra 5% 1% of the total property rate
Rajasthan 5% - 6% 1% of the total property rate
Gujarat 4.9% 1% of the total property rate
Kerala 8% 1% of the total property rate
West Bengal 7% to 8% 1% of the total property rate