Home Finance
Secured Loan
Cards
Hyderabad is the 6th most populated metropolis of India with property prices as varied as its demography. Such a highly populated area naturally sees increasing rates of property purchase. However, an important thing to remember before finalising such a purchase is that it involves stamp duty and registration charges in Hyderabad besides the property cost. These additional charges impact the property’s cost and are not necessarily covered by a home loan.
State governments levy a specific tax on the legal transfer of property ownership under Section 3 of the Indian Stamp Act of 1899. This is called stamp duty. Since individual state governments decide this amount, it varies across different states of India
Besides, stamp duty also varies depending on other factors. Some of them are:
The stamp duty, along with flat registration charges in Hyderabad, constitutes the property tax collected by the Registration and Stamps Department, Telangana.
Buyers must be aware of the stamp duty and registration charges in Hyderabad before proceeding to purchase a particular property, since these costs can add significantly to the final price. Stamp duty remains same throughout one state.
Therefore, buyers in Hyderabad will need to pay the amount prescribed for Telangana. Individuals need to a pay a stamp duty worth 4% of property value against all kind of property purchase in Hyderabad.
Besides, individuals also need to pay property registration charges in Hyderabad applicable at 0.5% of property value.
As already mentioned, in order to understand the final property price, individuals need to calculate the stamp duty and registration charges in Hyderabad. Here is a simple example demonstrating the calculation process.
If an individual plans to buy a house or apartment worth Rs.30 lakh, they would need to pay stamp duty at 4%. Additionally, the buyer needs to pay 0.5% house registration charges in Hyderabad.
Therefore, the stamp duty this buyer needs to pay is 4% of Rs.30 lakh, which amounts to Rs.1.2 lakh. Plus, he/she will need to pay additional registration charges for flat in Hyderabad equal to 0.5% of Rs.30 lakh, which is Rs.15,000.
Hence, this individual will incur additional Rs.1,35,000 as stamp duty and registration charges in Hyderabad besides the original property price. Note that buyers need to bear these costs under their home loan down payment.
Individuals finding this calculation cumbersome can use a Stamp Duty Calculator in Hyderabad to estimate such expenses instantly.
Home Loan
Home Loan Interest Rate
Home Loan Eligibility Calculator
Home Loan Balance Transfer
What is Top-Up Loan?
What is Home Loan?
What is Credit Score?
Stamp Duty in Delhi
Stamp Duty in Pune
Stamp Duty in Mumbai
Stamp Duty in Kolkata
Home Loan Amortization Schedule
Housing Schemes in India
Last update on 11-Mar-2021
Now know your Home Loan Eligibility
Get additional top-up loan with Loan against property balance transfer
Now calculate your monthly EMI, instalments and rate of interest on the loan amount
Get a top up loan without additional documentation
PRODUCT INFO
PMAY
CALCULATORS
TOP CATEGORY
City Pages
FAQS
MORE