Other factors too come into play while calculating stamp duty. Generally while arriving at the amount you have to pay, the ready reckoner as well as the agreement value of the property is taken into consideration, and the higher value is used to calculate stamp duty.

The value is determined according to a Stamp Duty Ready Reckoner in cities like Mumbai, which is revised from time to time to reflect the true market rates prevailing at the time. The most important of these is the market value of the property. The amount of stamp duty you will have to pay will depend on various things. Basically, the stamp duty is levied to validate your registration agreement. The registration document proves that the property is indeed yours. So all in all, you could end up paying between 7 percent and 10 percent of the market value of the property. IBHL’s stamp duty calculator will help you find out the exact amount that you will be required to pay as stamp duty in any state or city.īesides stamp duty, there are also registration charges, cess and surcharges. The amount you have to pay will vary from state to state, and in some states, even according to gender. Once you click submit, you will be given the amount of stamp duty you will be required to pay To check how much stamp duty you have to pay, you need to enter the following If you do not pay stamp duty, then you are not considered a legal owner of the property in question. Stamp duty also legalizes ownership document. Stamp duty on your property is used to validate the property registration that is done in your name. In case of a new property, you are required to pay stamp duty that is levied by the state government.

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