Stamp duty India is a tax, much like the sales tax and income tax that are collected by the Government. All such taxes must be paid in full and on time. If you make delay in the payment then you have to face the penalty. Penalty involves fine or even imprisonment. If you want to produce any instrument or document in the court, it needs to be done on the stamp paper only then it is considered valid and can be used as an evident. The court cannot admit instruments or documents that are not properly stamped as evidence.

Stamp Duty Property

If you want to know the market value of your property and the stamp duty amount on it, you need to contact the Ready Reckoner for stamp duty as follows:

  • You should know the division/village name and C.S. /C.T.S. number of your property.
  • From the Ready Reckoner, locate your valuation zone and sub-zone with the help of the division/village name and C.S./C.T.S. number of your property.

From the table know your rate per square meter, then multiply the rate with the built up area of your property in square meters. You will get a value. Reduce or increase this value for lift and depreciation as per the valuation factors given in the Ready Reckoner and you will get a market value. Find out the stamp duty amount applicable to you as per the market value.The office of the Superintendent of Stamps Department also does this procedure for you for a nominal fee.

  • The process through which we calculate the value of property and then its market value and ascertaining the proper stamp duty is called adjudication.
  • For adjudication, one can apply to the Collector of Stamps along with copy of the agreement containing the details of the property.
  • You should go for replacement value insurance if you want to reiterate. It is necessary that you make it clear that insurance companies have covered both your home and its contents under replacement-value insurance.
  • The adjudication fee payable is Rs.100.
  • In case of a signed document, adjudication must be done within one month otherwise two percent interest per month will be levied as penalty from the date of signature.
  • An adjudicated unsigned document is valid up to six months from the date of adjudication order up to December 31 of that year whichever is earlier.

 

Stamp Duty Calculator

 

Stamp Duty calculator helps you calculate the amount of the stamp duty payable for registration of property in various states/cities in India.


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ALL INDIA RATES OF STAMP DUTY
IMMOVABLE PROPERTIES

 

Sr. No.

State

Rate of Stamp Duty

Remarks

1.

 Andhra Pradesh. 5% Of value of consideration in instrument or market value whichever is higher.

2.

 Assam. 8.25% For value of consideration exceeds Rs.1,50,000/-.

3.

 Bihar. 7% + 2% i.e. 9% + additional surcharge @ 10% of amount of stamp duty. Additional stamp duty of 20%. Value of instrument exceeding Rs.50,000/-

4.

 Goa. 8% For consideration more than Rs.1,000/-

5.

 Gujarat.

  1. For transfers other than in (b) in urban area.
  2. For transfer relating to premises in Co-operative Society registered or deemed to have been registered under Gujarat Co-operative Society Act, 1961, by such society in favour of its member or by such member in favour of another member or for transfer of premises relating to Board Constituted under Gujarat Housing Board Act, 1961, or Gujarat House Board Act, 1972 or to which provisions of Gujarat Ownership Flats Act, 1973 apply.

 

8% + 25% of duty = 10%

 

6 % + 25% of duty = 7.5%

  

On market value of Property.

 

On market value of Property.

6.

 Haryana. 12.5% Value of consideration exceeding Rs.1,000/-

7.

 Himachal Pradesh. 8% Value of consideration exceeding Rs.1,000/-

8.

 Karnataka.

  1. For transfer other than in (b)
  2. For transfer effected by Bangalore Development Authority Act, 1976, the City Improvement Trust Board, Mysore, Karnataka Housing Board and any other authorities as may be specified by the Govt., or where it relates to conveyance executed by a promoter relating to a flat as defines in Karnataka Ownership Flat Act, 1972.

 

10% + 5% of Stamp Duty = 10.5 %

  1. Market value upto Rs.5.00 Lakhs – 4%
  2. more than Rs.5.00 Lakhs and upto Rs.15.00 Lakhs – Rs.20,000/- + 6% for amount in excess of Rs.5.00 Lakhs.
  3. More than Rs.15.00 Lakhs – Rs.80,000/- + 8% for amount in excess of Rs.15.00 Lakhs.
  

On market value of property exceeding Rs.1,000/-.

 

On market value.

9.

 Kerala.

(Properties situated within Municipal Corporation or Municipalities)

 8.5% Amount or value of consideration.

10.

 Madhya Pradesh. 7.5% Of market value.

11.

 Manipur. 7% On market value of property or consideration whichever is greater.

12.

 Maharashtra within Municipal Corportion of Greater Bombay, Pune, Thane, Navi Mumbai

  1. for transfer other than in (b)
  2. if relating to residential premises consisting of building or unit by or in favour of society registered or deemed to have registered under Maharashtra Co-operative Societies Act, 1960, or to which the Maharashtra Ownership Flat Act, 1963, or provisions of the Maharashtra Apartment Ownership Act, 1970, apply or by such society in favour of its member or by a member of such society to another member.

 

 

10 %

  1. upto Rs.1.00 Lakh – Nil.
  2. Rs.1.00 Lakh to Rs.2.5 Lakhs – 0.5 % of Value.
  3. Rs.2.5 Lakhs to Rs.5.00 Lakhs – Rs.1,250/- + 3% of value above Rs.2.5 Lakhs.
  4. Rs.5.00 Lakhs to Rs.10.00 Lakhs – Rs.8,750/- + 6% of value above Rs.5.00 Lakhs.
  5. Value exceeding Rs.10.00 Lakhs – Rs.38.750/- plus 8% of value above Rs.10.00 Lakhs.
  

 

 

 

On market value.

13.

 Meghalaya.
  1. upto Rs.50,000/- – 4.6 %
  2. more than Rs.50,000/- and upto Rs.90,000/- – 6 %
  3. more than Rs.90,000/- and upto Rs.1,50,000/- – 8%
  4. more than Rs.1,50,000/- – 9.9%
 Of the consideration

Of the consideration

 

Of the consideration

 

Of the consideration

14.

 Nagaland. 7.5 % Of the consideration

15.

 Orissa  (Urban areas) 4.2 % + additional of 10.5 % i.e. total of 14.7 % Of consideration in instrument.

16.

 Punjab. 6 % Of consideration.

17.

 Rajasthan. 10 % Of market value of property.

18.

 Tamil Nadu

(within cities of Madras and Madurai & Municipal towns of Coimbtore Salem and Tiruchhirapalli)

 8 % Of market value.

19.

 Tripura. 5 % Of consideration.

20.

 Uttar Pradesh. Stamp duty 8 % + 2% additional duty under U.P. Town Improvement Act, 1919. Stamp duty on amount of value of consideration or market value whichever is greater.

21.

 West Bengal. 5 % + 2% additional duty under Calcutta Improvement Act, 1911. Of the market value.

22.

 Union Territory of Delhi. 3% stamp duty plus additional 5% duty in form of surcharge under Delhi Municipal Corporate Act, 1957. Of value of consideration

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