Are Stamp Duty Rates the Same in all States of India?

No, stamp duty rates are not uniform across all states in India. Each state has the authority to set its own rates and rules regarding stamp duty, resulting in considerable variations. Key factors include:

• Property Type: Different rates may apply for residential, commercial, and agricultural properties within the same state.
• Market Value: States may set rates based on the market value of the property or a fixed percentage of the transaction amount.
• Additional Charges: Some states may impose additional fees, such as registration fees, which can also differ.

Example: For instance, while Maharashtra may charge 5% for residential properties, Delhi may have a rate of 6%. This variation highlights the importance of checking local regulations before property transactions.

Understanding these differences is crucial for buyers to accurately estimate total costs involved in property purchases. Use the Stamp Duty Calculator to estimate details of total costs based on the stamp duty in your region.