When I was planning to buy a flat for the first time in my life, I thought the property would be officially mine after paying the required amount to the buyer. That’s when my father told me that property owners have to bear some additional costs like stamp duty and registration charges after buying a property. Before I tell you about stamp duty 2022, let me explain why you have to pay stamp duty.
Property owners have to pay stamp duty to get legal evidence of property ownership. After finalising the property you want to buy, you have to register the property in your name and pay the required stamp duty charges on the property transaction. This will save you from any legal hassle in the future.
Consult Legal Experts of NoBroker if You Need Help in Drafting Sale Agreement, Checking Property Title, etc!Both stamp duty and registration charges are essential taxes that a property buyer is required to pay to the respective city authorities for registering a property in their name. I want you to know that different states have different rates of stamp duty and registration charges.
Stamp Duty from April 2022| States | Stamp Duty Rates |
Andhra Pradesh |
5% |
Arunachal Pradesh |
6% |
Assam |
8.25% |
Bihar |
Female to Male - 6.3% Male to Female - 5.7% Other cases - 6% |
Chhattisgarh |
5% |
Goa |
Over Rs 1 crore - 5% Rs 75 lacs to Rs 1 crore - 4.5% Rs 50 lacs to Rs 75 lakh - 4% Upto Rs 50 lakh - 3.5% |
Gujarat |
4.9% |
Haryana |
For female - 5% in urban areas For male - 7% in urban areas |
Himachal Pradesh |
5% |
Jammu and Kashmir |
5% |
Jharkhand |
4% |
Karnataka |
2% (Less than Rs 20 lakh) 3% (Rs 21-45 lakh) 5% (above Rs 45 lakh) |
Kerala |
8% |
Madhya Pradesh |
7.5% |
Maharashtra |
5% for female 6% for male |
Manipur |
7% |
Meghalaya |
9.9% |
Mizoram |
9% |
Nagaland |
8.25% |
Odisha |
4% (Female) 5% (Male) |
Punjab |
5% (Female) 7% (Male) |
Rajasthan |
4% (Female) 5% (Male) |
Sikkim |
In the case of Sikkimese origin: 4%+1% Others: 9%+1% |
Tamil Nadu |
7% |
Telangana |
5% |
Tripura |
5% |
Uttar Pradesh |
Female - 7% – Rs 10,000 Male - 7% |
Uttarakhand |
Female - 3.75% Male - 5% |
I will update the answer if I notice the stamp duty increase from April 2022.
Apart from stamp duty, you will have to pay property registration charges as well purchasing a property in India. Just like stamp duty, property registration charges too vary from one state to another. Generally, property registration rates fall between 0.5% to 3% across the country, depending on the slab decided by the particular state.
Read more:
How To Calculate Stamp Duty And Registration Charges?
What is Stamp Duty in India
Now you know everything about the stamp duty from April 2022.
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Hi there,
I will share the stamp duty charges for 2022 below:
| City | Stamp Duty Charges | Registration Charges |
Bangalore |
2% to 3% |
1% of the property value |
Delhi |
4% to 6% |
1% of the deal value |
Mumbai |
3% to 6% |
1% of the property value |
Chennai |
1% to 7% |
1% to 4% of the property value |
Kolkata |
3% to 5% |
1% of the total property value |
Gujarat |
4.9% |
1% of the total property value |
Kerala |
8% |
1% of the total property value |
Maharashtra |
5% |
1% of the total property value |
Tamil Nadu |
7% |
1% of the total property value |
Uttar Pradesh |
7% |
1% of the total property value |
West Bengal |
7% to 8% |
1% of the total property value |
Rajasthan |
5% to 6% |
1% of the total property value |
Telangana |
5% |
1% of the total property value |
Uttarakhand |
5% |
1% of the total property value |
You should learn about Stamp Duty while selling or purchasing a house. So, to learn about it read:
How To Calculate Stamp Duty And Registration Charges?
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Authors Of The Question
Tell me about Stamp duty charges from 1st April, 2022
Shweta
987Views
2 Year
2022-03-01T13:35:22+00:00 2022-07-04T13:15:23+00:00Comment
2 Answers
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