No, a 100 Rupees stamp paper is not valid for a sale agreement of 10 Lakh Rupees. The stamp duty for a sale agreement varies by state, but it is generally a percentage of the property value. For example, in many states, the stamp duty for a sale agreement is around 5-7% of the property value.
For a property worth 10 Lakh Rupees, you would typically need a stamp paper worth around 50,000 to 70,000 Rupees. It's important to check the specific stamp duty rates in your state to ensure you use the correct amount of stamp paper.
To find the exact stamp duty rates for your state, you can use an online stamp duty calculator. These calculators are available on various real estate and legal websites, and they can help you estimate the stamp duty based on the property value and location1.
Here are a few steps to help you:
- Visit an Online Stamp Duty Calculator
: Websites like 99acres, Housing.com, and Legal Mantra offer online stamp duty calculators.
- Enter Property Details
: Input the property value and location details into the calculator.
- Get the Estimated Stamp Duty
: The calculator will provide you with an estimate of the stamp duty you need to pay.
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Authors Of The Question
Is 100 Rupees Stamp Paper Valid for a Sale Agreement of 10 Lakh Rupees?
Shabana
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2 days
2025-01-02T14:02:09+00:00 2025-01-02T14:02:10+00:00Comment
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