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Important Factors To Calculate Stamp Duty And Registration Charges

Discussion in 'Hyderabad Real Estate' started by shaik imran, Nov 9, 2018.

  1. shaik imran Member

    What is Stamp Duty?
    • Stamp Duty is collected whenever there is a transfer of assets or property from one person to another.
    • It is collected by the State government and is governed under the Indian Stamp Act 1899.
    • As the State government collects it, the stamp duty varies from one state to another.
    • In Hyderabad, the stamp duty includes stamp duty, registration charge/fee plus transfer duty and is a calculated on the market value of the property.
    Why do You Have to Pay Stamp Duty?
    It is mandatory to register the sale or transfer of property, and at the time of recording the transfer, you must pay the stamp duty and registration charges.
    The stamp duty paid and the registered document is a legal document that proves that you are the owner of the property and is accepted as evidence in case of property disputes.

    Also, in case you lose the original sale deed or transfer deed, you can get a duplicate transfer deed from the Sub-Registrar’s office that shows that you are the owner of the property.

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