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Q.

What is Stamp Duty on Commercial Property in India?

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9 months

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1 2024-03-21T13:42:46+00:00
The stamp duty on commercial property differs amongst Indian states based on a number of variables. One such factor is the area’s active commercial real estate market. I had checked about Bangalore and Hyderabad’s stamp duty charges when I wanted to invest in one. I can tell you about these states and a few other states as well.

How Much is Stamp Duty on a Commercial Property?

Stamp duty is an unpredictable aspect that varies from state to state and is influenced by a number of factors. Stamp duties on commercial properties are also higher.
State Stamp duty charges
Maharashtra 5%
Karnataka Up to 3%
Delhi Up to 6%
West Bengal Up to 5%
Tamil Nadu 7%
Telangana 4%
Gujarat 3.5%
Kerala 8%
Uttar Pradesh 7%

What Factors Affect the Commercial Property Stamp Duty Rates?

  • Property age: Newer construction will have a higher stamp duty, whereas older buildings will have a reduced tax
  • Owner's age: Elderly citizens will receive a discount on stamp duty.
  • Gender of the owner: Many states offer stamp duty and registration fee discounts to women
  • Commercial Buildings: Commercial structures require greater floor space, facilities, security, etc. As a result, higher obligations are assessed.
  • Location: Location will dictate stamp duty and market value.
Additionally, stamp duty may be assessed by the government for any amenities offered at a property. I hope now you know how much is stamp duty on commercial property. Get Doorstep Assistance for All Documents Through NoBroker Legal Services. Read More: What is the Stamp Duty on Commercial Property in Mumbai?
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