What Stamp Duty and Registration Charges
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🏡💰Stamp duty and registration fees are essential in the property registration process in India. • Stamp duty is a tax on legal documents related to property transfer, serving as evidence of the transaction. It varies from state to state, typically between 4% to 8% of the property’s value. Paying stamp duty is necessary for validating the transfer, as unstamped documents are not legally binding. • Registration fees are the charges of recording ownership documents in government records. The buyer has to pay this fee at the Sub-Registrar’s Office to register the property after paying the stamp duty. In Maharashtra, the registration fee is generally about 1% of the property value or ₹30,000, whichever is lesser. • Check out the whole video for more info. • #stampduty #registrationcharges #RealEstateBasics #HomeBuyingTips #PropertyKnowledge #realestateshorts
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