Question 1

What is stamp duty on property in India?

Accepted Answer

Stamp duty is a tax levied by state governments on property transactions. It varies from 4% to 8% depending on the state, and must be paid to legally register the property in your name. Registration fees are charged separately, typically 1-4%.

Question 2

Do women get stamp duty concession in India?

Accepted Answer

Yes, some states like Delhi, Haryana, and Rajasthan offer a 1% concession on stamp duty for female property buyers. This is to encourage property ownership among women.

Question 3

What is the stamp duty in Maharashtra?

Accepted Answer

Stamp duty in Maharashtra is 5% of the property value, with an additional 1% registration fee. In Mumbai, an additional metro cess and local body tax may apply, bringing total charges to around 6-7%.

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