Stamp Duty Calculator

The stamp duty for first-time home buyers depends on factors such as the market value of the property, the type of property, the location, the buyer's age and gender, and so on. The stamp duty varies from case to case. That said, stamp duty is usually between 5% and 10% of the property’s value, with registration charges between 1% and 2%. Calculate your stamp duty with Tata Capital’s stamp duty calculator.

There is no separate provision for stamp duty rates on second or third properties in India. In other words, you have to pay the same stamp duty regardless of whether it is your first, third or fifth property in the state.

The buyer needs to pay the stamp duty.

Stamp duty rates vary by state in India.

Stamp duty is levied by the state government upon the transfer of property ownership. So, when you buy a new property, you are required to pay this duty to the government. Different states in India have different rules for the calculation of stamp duty, and some factors that they consider are:

Yes. You are required to pay stamp duty even if you have purchased a house under the Pradhan Mantri Awas Yojana (PMAY) scheme. However, some states have fixed stamp duty charges for housing units built under the PMAY scheme. For example, in Maharashtra, affordable houses under the PMAY scheme attract a flat stamp duty of Rs. 1,000.

Yes. You can visit the respective state government’s website to pay your stamp duty online. This can also be done by visiting the Stock Holding Corporation of India Limited (SHCIL) website through the MCA21 system under the E-stamping method. However, this facility is available only in selected states.

As per Section 3 of the Indian Stamp Act of 1899, every homebuyer in India must pay a stamp duty against the cost of their property. In the case of non-payment or delay in payment, the buyer may have to pay a stiff penalty, face imprisonment, or both. The maximum penalty can be 200% of the deficit amount.

You are required to pay stamp duty only once at the time of your property registration. It acts as evidence of the purchase and sale of a property between the two parties. If you are unsure of the stamp duty amount that you may have to pay, you can take the help of a stamp duty calculator.

Stamp duty on a property is payable before the transaction is executed between the two parties. You can also pay your stamp duty on the next working day of your transaction date. However, if you fail to pay your stamp duty even by then, you may have to pay a penalty to the government.

If the registration of your property has been denied by the government, you can apply for a refund of the stamp duty paid by you. You can get up to 98% of your stamp duty as a refund. However, you must attach the original registration cancellation deed to claim this refund. You won’t be getting a refund of your registration fees under any other circumstances.

A stamp duty calculator is meant for the calculation of the stamp duty payable on your property. Usually, a stamp duty calculator does not have the feature to calculate registration charges. However, you can find some stamp duty calculators online that can help you evaluate the registration charges as well. They usually range between 1% and 5% of the property’s value.

The two most important factors that determine the rate of stamp duty in India are the value of the property and the location of the property. Different states in India levy stamp duty at different rates, and you can use a stamp duty calculator to know this rate and the final stamp duty you have to pay. Some other factors that may also impact the stamp duty rate include the buyer’s age, gender, property type, and amenities present in it.

Yes. If you do not go through with the registration of your property for any reason, you can apply for a refund of the stamp duty you have paid. You will get a refund of up to 98% of the amount paid by you.

You can claim the stamp duty and registration charges as tax deductions under section 80C of the Income Tax Act while filing your ITR. But remember, you can claim this deduction in the same financial year in which you made the payment. The maximum deduction allowed under this section is Rs. 1.5 lakh.

Yes. Stamp duty is applicable on the purchase or transfer of commercial properties, such as shops, offices, showrooms, warehouses, etc. However, the rates for stamp duty on commercial properties may vary as compared to residential properties.

You are required to submit the document on which you are paying stamp duty. For example, if you are paying stamp duty on a property transfer, you are required to submit the transfer agreement between the two parties. No additional documents are needed for online payment of stamp duty.

Stamp duty is a fee that is levied by a state government when an individual purchases property in the state. This fee validates the registration of the property in the individual’s name and legalises the property’s ownership document.