Stamp Duty Calculator
Total Stamp Duty Payable:
Stamp Duty Calculator 2024-25: Calculate property registration charge
A stamp duty calculator is an online tool that helps in calculating the stamp duty to be paid during the purchase, sale, or registration of property. Stamp duty is a type of tax levied by the government on property transactions. This fee is a fixed percentage of the property value and is determined by the state government. Stamp Duty Calculator 2024 Helps users calculate the exact stamp duty amount based on the value of their property.
Let us know in this article how you can use online stamp duty calculator. What is stamp duty calculator? stamp duty and registration charges How to calculate. You will also know about all the states of India Stamp Duty Rate List 2024 and Maharashtra Stamp Duty and UP Stamp Duty How to calculate.
What is stamp duty?
Stamp duty is a type of tax levied by the government on various types of documents, especially documents related to property transactions. This tax is taken by the state government to provide validity and legal recognition of the documents. Stamp duty is paid by the buyer of the property and is paid by stamping the document or in electronic form.
Stamp duty applies to a variety of documents, such as:
property sale agreement
rent agreement
gift deed
Power of Attorney
share certificate
mortgage deed
Why is stamp duty required?
Following are the need for stamp duty and its benefits:
Payment of stamp duty provides legal recognition to documents. This ensures that transactions are legitimate and in accordance with government regulations.
Documents prepared along with stamp duty payment are considered legal evidence. They can be presented as evidence in court.
Paying stamp duty ensures the authenticity of property transaction documents, making it easier to settle future disputes.
Stamp duty is an important source of revenue for the government. This money is used in public services, infrastructure development, and other government projects.
Stamp duty reduces the possibility of fraud and forgery of documents, as all documents are validated and certified.
Stamp duty payment increases financial transparency in property transactions. It ensures that all transactions are recorded in government records.
Uses of Stamp Duty Calculator
Stamp duty calculator can be used for the following purposes:
To calculate the exact amount of stamp duty payable during purchase of property.
To get information on stamp duty when selling property.
To plan the total costs during a property transaction, including stamp duty.
To get accurate information for financial planning while buying or selling property.
Benefits of Stamp Duty Calculator
There are many benefits of the stamp duty calculator, the major ones being:
This calculator calculates accurate stamp duty, giving users accurate payment information.
Eliminates the need for manual calculations and provides instant results.
Easy to use and simple to understand.
Maintains financial transparency during property transactions.
Helps in understanding the estimated total cost of buying or selling a property.
How to use stamp duty calculator
Using the stamp duty calculator is very simple and can be done in the following steps:
Enter the property value into the calculator. This is the price at which the asset is being traded.
Example: If the value of the property is Rs 50,00,000, enter this.
Select the state where the property is located. Stamp duty rates are different for each state.
Examples: Maharashtra, Delhi, Uttar Pradesh, etc.
Click on Calculate button and get the exact amount of stamp duty.
How to calculate stamp duty?
Stamp duty is calculated based on the total value of the property and the rate varies from state to state. Here are some examples of how stamp duty is calculated:
Example 1: Maharashtra
Suppose, you are buying a property in Maharashtra which is worth Rs 50,00,000 and the stamp duty rate in Maharashtra is 5%.
Calculation:
property value: Rs 50,00,000
stamp duty rate: 5%
Stamp Duty = (Property Value) × (Stamp Duty Rate) / 100
= 50,00,000 × 5 / 100
= Rs 2,50,000
So, on a property worth Rs 50,00,000 in Maharashtra, you will have to pay a stamp duty of Rs 2,50,000.
Example 2: Uttar Pradesh
Suppose, you are buying a property in Uttar Pradesh whose value is Rs 75,00,000 and the stamp duty rate in Uttar Pradesh is 7%.
Calculation:
property value: Rs 75,00,000
stamp duty rate: 7%
Stamp Duty = (Property Value) × (Stamp Duty Rate) / 100
= 75,00,000 × 7 / 100
= Rs 5,25,000
So, on a property worth Rs 75,00,000 in Uttar Pradesh, you will have to pay stamp duty of Rs 5,25,000.
Stamp duty rates of all states of India
Different states in India have different stamp duty rates. The following table lists the stamp duty rates of major states:
