{"id":7414,"date":"2022-03-02T16:12:38","date_gmt":"2022-03-02T10:42:38","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=7414"},"modified":"2022-05-24T10:41:23","modified_gmt":"2022-05-24T05:11:23","slug":"what-is-stamp-duty-and-why-pay-it","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/what-is-stamp-duty-and-why-pay-it\/","title":{"rendered":"Stamp Duty and Registration Charges: Definition, Rates and Calculation"},"content":{"rendered":"\n

Purchasing a home is probably a dream investment and also arguably the most significant financial decision of your life. Searching for the right property, applying for loans<\/a>, signing the sale agreement are all part of the process. But enlisting your property in your name is one of the most vital steps. To have legal evidence of ownership, you have to register the property in your name in the local municipal records. <\/p>\n\n\n\n

At the time of registration, you will need to pay stamp duty, which is levied by State Governments. The amount may vary from state to state. It also depends on the type of property – old or new. As stamp duty adds up to the property cost, it is vital to have a fair estimate before purchasing any property. <\/p>\n\n\n\n

This article will help you understand stamp duty, why you need to pay it, and other common queries regarding stamp duty and registration charges.<\/p>\n\n\n\n

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