The stamp duty and registration charges of property are fees that are imposed on certain documents, including property-related documents, either executed or registered. These charges are collected by the government to validate and legalize the transaction. It is done to maintain proper records of property ownership and transfers. The specific rates and rules for stamp duty and registration charges vary from state to state in India.
Let's clear it more.Stamp duty is a tax that is applicable on various documents to make them legally valid. This tax is calculated based on the value of the transaction or the market value of the property. The documents that are included in stamp duty are sale deeds, gift deeds, lease deeds, conveyances, and other property-related documents.
Registration charges are the fees that are paid to register a property transaction with the government authorities. Registration means recording the details of the property and the parties involved in that transaction. Registering your property document benefits in keeping an official record of your ownership and protects your rights.
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What are stamp duty & registration charges of property?
kalyan
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2023-08-20T20:20:32+00:00 2023-08-20T23:02:55+00:00Comment
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