Welcome Guest, Register to manage account
Contact Us: Toll Free #1800 41 99099 (Monday - Saturday 9:30AM to 6:00PM IST)
Sign up for latest updates
Banner
Banner
Articles Home > Legal & Tax > Stamp duty fee highest in Hyderabad among metros
Stamp duty fee highest in Hyderabad among metros PDF Print E-mail
By Neha Pathania Kashyap   
Friday, 30 November 2012 12:52
Total View : 23283

Stamp duty highest in Hyderabad
Are you buying a property in Hyderabad? It is important for you to know the additional costs that you will be required to pay at the time of registering a flat. Each city has different stamp duty charges depending upon state laws. Both, registration and stamp duty charges are compulsory payments.

While stamp duty is a tax levied by state governments, registration value is levied for keeping the records of the sale document. Compared to other cities, Hyderabad has a higher stamp duty charge.

The stamp duty charge in the city is 7.5 per cent for both male and female property buyers. The registration charge is 1 per cent of the total value of the property. The stamp duty charges are not revised for a long time in Hyderabad. The state government fixes up the market value of each and every place.

The final payment that you make towards registration and stamp duty on whichever is basis the government market value or transaction amount, whichever is higher. Experts say that in lower-end locations, the value is decided basis the sale agreement while in upper-end locations; it is the sub-registrar’s office that decides what market value of the property should be considered.

Among all other metros including Delhi, Mumbai and Bangalore, Hyderabad has the highest stamp duty charges.


Copyright 99acres.com


Related Question

http://www.99acres.com/ask-i-ve-purchased-a-2bhk-apartment-is-located-in-uppal-area-and-medipally-gram-panchayat-can-you-pl-help-me-out-that-what-would-be-the-registration-stamp-55179.html




You may also like to Read

 

Property Trendz (214)

Investment (59)

Interiors (14)

Citywatch (83)


All rights reserved - Info Edge (India) Ltd.