Hi Preeti,
The stamp duty in Chennai is 7% of the property value and the registration charges are 1% of the property value.
Let's use the following scenario to realise stamp duty and property registration fees:
Amit purchased a home in Chennai for the recommended price of Rs.40 lakh. So he has to pay the mentioned fees:
Registration costs Rs.40,000, or 1% of Rs 40 lakh.
7% of Rs.40 lakh, or Rs.2,80,000 is the stamp duty.
Consult an expert at NoBroker to get help with understanding property-related queries. Draft your sale agreement with NoBroker here for a hassle-free experience. Read More: How to calculate stamp duty and registration charges? How to calculate stamp duty and registration charges in Pune?Your Feedback Matters! How was this Answer?
Thanks ,We got your reaction
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
What are the Stamp Duty & Registration charges?
Preeti Narayan
433 Views
1 Answers
2 Year
2022-09-29T11:16:24+00:00 2022-09-29T20:18:25+00:00Comment
Share