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Stamp Duty Calculator: Calculate Stamp Duty and Registration Charges

Stamp duty is a tax that state governments levy during the sale and transfer of a property. It is also a confirmation fee required for the verification and legalization of ownership of the property. Stamp duty and registration charges are levied differently across all states in the country.

Looking to calculate the stamp duty that will be levied on a new property you plan to buy? Use our stamp duty calculator to calculate the stamp duty value you will need to pay by filling in a few important details, such as the value of the property and its location.

Stamp Duty Calculator

Select state of property

 

Please select Property location

Property Value

Please enter Property Value

Stamp Duty Details

  • Stamp Duty Rate :

    0%

  • Stamp Duty of Your Property :

    Rs. 0

What is the Stamp Duty on Property? 

Stamp duty is a tax that is charged by the state government on the transaction of the property. A physical stamp on the registration documents serves as legal evidence that the property is verified in your name. It is a fee that is levied by the government on any new purchase of the property to validate the registration of your property legally in your name. Since it is charged by the state government, stamp duty in India varies from state to state. In case if you fail to pay the stamp duty on your property, you will not be considered as the legal owner of the property. 

What is a Property Registration Charge?

A registry of property documents is maintained by the government against a certain amount of fee charged from the buyers. This fee is known as registration charges. Stamp duty is a fee that is levied by the state government based on the transaction value of a property while property registration charges are the amount that a property owner pays to the government for the service of putting the documents in the government record. Generally, buyers have to pay 1% of the total market value of the property as the property registration fees. However, in some states, the rate is levied depending upon the property.

How Stamp Duty and Registration Charges are Calculated?

Stamp duty rates are decided by the state government and therefore, they differ across the country. However, in India, stamp duty charges vary from 3% to 10 % of the property value. Factors that affect stamp duty rates are the location of the property, age and gender of the owner, usage of the property, type of property and project amenities. Apart from this stamp duty on property, you need to pay registration charges, which are usually levied by the central government and are mostly fixed across the state. Generally, 1% of the property‚Äôs total market value is charged as the registration charge. For example, if a person wishes to buy a property worth Rs.60 lakh in Delhi where the stamp duty rate is 6%, he or she has to pay Rs.3.6 lakh as stamp duty while Rs.60000 as the registration charge.  A stamp duty calculator comes handy in calculating the exact stamp duty one has to pay if they wish to buy any property in their desired location.

Are Property Registration Charges Included When Taking a Home Loan?

Factors such as type of property and locations affect the stamp duty and registration fees of a property and therefore it varies across the country. The stamp duty rates in India ranges from 3% to 10% of the property cost while property registration charges are usually 1% of the total market value of the property or the cost of the property. Since these charges are above the cost of the property and therefore stamp duty and registration fees are not included in a home loan sanctioned by a financial institution. It has to be borne by the buyer and therefore it is very important to take care of these requirements before you plan to buy a property with the help of a home loan.

Stamp Duty and Registration Charges in Various Top Cities

As the stamp duty rates are decided by the state government, therefore stamp duty fees vary across India. The stamp duty and registration charges in top cities are given as below:

City Stamp Duty Charges Stamp Duty Charges
Delhi 4%-6% 1% plus Rs.100 pasting fee
Noida 7% Rs. 10,000 plus tax
Mumbai 2% 1% of value of property or Rs.30,000
Gurgaon 5%-7% Up to Rs.15,000
Pune 3% 1% or Rs. 30,000 whichever is lower

 

Tax Benefit on Stamp Duty & Registration Charges

Stamp duty and registration charges are allowed for tax exemption under Section 80C of the Income Tax Act. You can claim this exemption while filing your income tax returns and can enjoy a tax rebate of a maximum amount of up to Rs.1.5 lakh. In the case of joint owners, the co-owners can file in their respective income tax return based on their share in the property. However, the upper limit of Rs. 1,50,000 under section 80C shall apply here as well.

How to Pay Stamp Duty Charges

Stamp duty is a tax one has to pay during the transaction of any property for the legal evidence of the act. Homebuyers can do the payment of stamp duty online as well as offline by following any of the mentioned methods:

Physical Stamp Paper: One of the most common and error-free methods of paying stamp duty. Homebuyers can buy stamp paper from authorised sellers. The required information about the property registration are mentioned in this paper. The cost of this stamp paper is equal to the stamp duty applicable. Though, if the stamp duty is higher this method might cause you inconvenience as you have to buy multiple stamp papers.

Franking: If you are using this method, then you can reach out to an authorised franking agent who will provide a stamp on your property document to legalise it. Most of the banks offer franking agent services to the homebuyers. If you are using this method, then you have to pay a minimum charge required and also an additional franking charge levied by the agents.

E-stamping- One of the most convenient ways to pay stamp duty, you can do it online through a SHCIL website (Stock Holding Corporation of India). You can visit the website, select the location in which property is located and submit it to the collection centre with the mentioned amount. Once the amount is paid, you will receive an e-stamp certification with UIN.

Documents Required For Payment of Stamp Duty and Registration Charges

If you a homebuyer, you have to produce the following document at the time of registration of property and while paying stamp duty:

  • Sale agreement
  • Sale deed
  • Khata Certificate
  • In case of a housing project, one shall provide the photocopy of society share certificate, society registration certificate and NOC from the apartment association
  • In case of an under-construction property, you should produce a sanctioned building plan, builder-buyer agreement and possession letter from builder.
  • In case of land purchase, you should provide title documents of the landowner, records of right and tenancy corps or 7/12 extract and conversion order.
  • In the case of joint development property, you should have registered a development agreement and joint development agreement between landowner and builder.
  • In case of resale property, copies of all registered agreements
  • Receipt of tax paid for the last three months
  • Latest bank statements
  • Encumbrance certificate
  • Power of attorney/s if applicable