Stamp Duty is a form of tax that buyers have to pay when purchasing a property. Under Section 3 of the Indian Stamp Act 1899, paying stamp duty is compulsory to get a property registered. It is calculated as a percentage of the circle rate (also known as the Ready Reckoner rate) of the property, or its value, as mentioned in the agreement, whichever is higher. The stamp duty rates on property may vary from state to state, and even within a state based on various factors.

Factors affecting Stamp Duty Rate

● Status of the property –

Old or new unit, agricultural or non-agricultural land, etc.

● Location of the property –

The jurisdiction under which a property falls helps determine the applicable rate of stamp duty. Rates may be different for properties in the city, in a suburban area, metropolitan area, rural area, etc. Calculate the stamp duty of the property in your location using our stamp duty calculator.

● Age and gender –

In select states, rebates and discounts in stamp duty rates are applicable for women and senior citizens.

Additional Read: What is a Stamp Duty? How to Calculate Stamp Duty Online?

Stamp Duty Rates 2020

The new stamp duty rates applicable in different states have been listed below.

States Stamp Duty Rates
Andhra Pradesh 5%
Arunachal Pradesh 6%
Assam 8.25%
Bihar Male seller to female buyer – 5.7%
Female seller to male buyer – 6.3%
Other cases – 6%
Chhattisgarh 5%
Goa Up to Rs. 50 lakhs – 3.5%
Rs. 50 lakhs – Rs. 75 lakhs – 4%
Rs. 75 lakhs – Rs. 1 crore – 4.5%
Over Rs. 1 crore – 5%
Gujarat 4.9%
Haryana Male – 6% in rural areas and 8% in urban areas
Female – 4% in rural areas and 6% in urban areas
Himachal Pradesh 5%
Jammu and Kashmir 5%
Jharkhand 4%
Karnataka Up to Rs. 20 lakhs – 2%
Rs. 20 Lakhs – Rs. 35 lakhs – 3%
Over Rs. 35 lakhs – 5%
Kerala 8%
Madhya Pradesh 7.5%
Maharashtra 2% (From September 1 to December 31, 2020)         2% (From January 1 to March 31, 2021)
Manipur 7%
Meghalaya 9.9%
Mizoram 9%
Nagaland 8.25%
Odisha 5% (Male)                                                                          4% (Female)
Punjab 7% (Male)                                                                          5% (Female)
Rajasthan 5% (Male)                                                                           4% (Female)
Sikkim 4% + 1% (For people of Sikkimese origin)
9% + 1% (For others)
Tamil Nadu 7%
Telangana 5%
Tripura 5%
Uttar Pradesh Male – 7%
Female – 7%- Rs. 10,000
Uttarakhand Male – 5%
Female – 3.75%
West Bengal Up to Rs. 25 lakhs – 7%
Above Rs. 25 lakhs – 6%

Note: This table is for reference purposes only. States may revise their stamp duty rates. Please refer to the official website of the State for current stamp duty rates.

Additional Read: How to do Registration of a New House?

Looking for the right lender to apply for a home loan? Tata Capital has a solution for all your home loan needs. Our application process is hassle-free and has minimal required documents.

With attractive home loan interest rates, and dedicated after-sales service and support, Tata Capital is the ideal home loan provider for you. Visit our website for more information.

0 CommentsClose Comments

Leave a comment

To know more about Terms & Conditions, click here.

Disclaimer: 

This communication is provided for general information only, without regard to any specific objectives, financial situations and needs of any particular person. This communication does not constitute an offer or invitation to avail services and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Nothing in this communication should be considered as an investment or financial advice, nor should this communication be construed as an advice to buy or sell or as a solicitation to buy or sell the securities if any referred to herein. The intent of this communication is not recommendatory in nature. This communication is being supplied to you solely for your information and the same should not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published or copied, in whole or in part, for any purpose whatsoever.