Real Estate

What is stamp duty and registration charges in Pune?

By: Manav SeksariaUpdated: December 10, 2020


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The total cost of registration was 7% of the price of a new property in Pune district till February 7. Now, it is 8%. The components of the fees till February 7 were 5% stamp duty, 1% local body tax (LBT) and registration fee of 1% (up to a ceiling of Rs30,000).

Subsequently, one may also ask, how is stamp duty calculated in Pune?

Stamp duty calculator
The onus of paying the stamp duty, normally vests on the buyer of the property. For example, if the agreement value of a property is Rs 50 lakhs and the value according to the ready reckoner rate is Rs 40 lakhs, then, the stamp duty would be calculated on the higher value, i.e., Rs 50 lakhs.

Secondly, how are registry charges calculated?

How are stamp duty and registration charges calculated in Bangalore?
  1. Saleable value of the property = 1,000 x 6,150 = Rs 61,50,000 (basic cost) + 2,00,000 (car parking) = 63,50,000.
  2. Registration charges = 1 % of 5,325,000 = Rs 63,500.
  3. Stamp duty = 5.6 % of 63,50,000 = Rs 3,55,600.

How is stamp duty calculated in UP?

Stamp duty on registration fees will be calculated as 1% of such consideration or value, calculated for the purpose of stamp duty chargeable on the document, whichever is higher, subject to the minimum of Rs 100.

How much is the stamp duty?

Stamp Duty Calculator - Your Results
Purchase price of property Rate of Stamp Duty Additional Property Rate*
£0 - £125,000 0% 3%
£125,001 - £250,000 2% 5%
£250,001 - £925,000 5% 8%
£925,001 - £1,500,000 10% 13%


How are flat prices calculated?

Per Square Foot Rate is the rate (per square foot) quoted to you by your builder or Real Estate developer. It is typically applied to the super built-up area to determine the price of your flat.

Result: Flat A appears slightly bigger from inside by 140 sq ft.
Calculation Price/Carpet Area
Flat B Rs. 6037.73/sq ft)

What are stamp duty and registration charges?

The Karnataka government has slashed the stamp duty charges levied while purchasing a property in the State by 3 percent. With this announcement, properties less than Rs 20 lakh will attract 2 percent stamp duty from April 2020 onwards. Properties above Rs 20 lakh will be charged at five percent as earlier.

What is the stamp duty on resale flats in Pune?

Stamp Duty 4%, LBT 1% in the form of Stamp Duty, Registration Fees 1% OR Rs. 30,000/- whichever is lower.

What is the stamp duty for resale flat?

Yes, registration charge for a resale property is 1 percent of market value or the agreement value of the property. The stamp duty that will be levied on the same is 7 percent.

What is Stamp Duty Mumbai?

Stamp duty charges in Mumbai are 6 per cent, while registration charges are 1 per cent1.

Is LBT applicable on resale flat?

Local Body Tax (L.B.T.)

Market Value
Taxes applicable on the Type of Construction
Ready Possession Good Service Tax (GST) is not applicable on Ready Possession or Resale Property.
Under Construction If Property is Purchased in Under Construction Project. GST is applicable to with flat rate of 12%

How much is stamp duty and registration charges in Mumbai?

Stamp duty charges in Mumbai are 6 per cent, while registration charges are 1 per cent1.

How can I save stamp duty and registration fees?

Here are a few tips to Save on Stamp Duty and Registration Charges:
  1. Register the property in the name of a female family member, if the rebate is allowed in the state, where the property is located.
  2. Claim the amount up to Rs.
  3. Register the property at the ready reckoner prices published by the government.

How is guidance value calculated?

For plots in Bangalore, the Guidance Value is calculated on the grounds of the available land area excluding any constructed property while the value charged for the constructed properties including the land is known as a composite value.

What is the stamp duty rate in Maharashtra?

With this announcement, stamp duty in Mumbai, Pune and Nagpur, on properties will be charged at five percent (four percent Stamp Duty + 1 percent Metro cess). For properties above Rs 30 lakh - Rs 30,000. For properties below Rs 30 lakh - 1% of the property value. For properties above Rs 30 lakh - Rs 30,000.

How do you determine property value?

Start by adding the total expenses for a property, including repair costs, taxes, insurance, fees, and any vacancy costs. Next, take the annual rental income and subtract the total expenses (calculated above). Divide the resulting number by the total property cost. The final percentage is your capitalization rate.

Is GST levied on stamp duty?

For ready-to-move-in properties
One of the major attractions of ready-tomove-in properties is that they are exempt from GST. Buyers need to only pay the stamp duty and registration charges as taxes, which comprise 7-8% of the total property cost.

What is EC in real estate?

An encumbrance refers to any charge created on any asset, more often used in the context of real estate. An Encumbrance Certificate or EC is a certificate of assurance that the property in question is free from any legal or monetary liability such as a mortgage or an uncleared loan.

What is indicative consideration amount?

The consideration value is less than assessed or market value of flat. Buyer needs to pay tax on basis of value fixed by government in some states it is called sub registrar value/guidelines value below that even if you sell property still purchaser needs to pay stamp duty on guidelines value.

How do you determine the value of stamp paper?

Under the third category, the Stamp duty depend either on the value mentioned in the document or on the true market value, whichever is higher. Instruments like Conveyance, Agreement for sale, Gift exchange, Partnership Deed, Development Agreement, Transfer of Immovable Property, Trust Deed, Partition, and so on.

How much is stamp duty in Bangalore?

As per the ongoing rates, you are required to pay 5 percent of the total or registered property value (above Rs 35 lakh) as stamp duty and 1 per cent of the total or registered property value as registration fees in Bangalore.