Stamp duty is the state government tax paid when property ownership is transferred. It is usually the largest upfront cost after the down payment, and it varies by state, buyer type and property category.
How stamp duty is calculated
Most states calculate duty on the higher of the sale agreement value or the circle rate. If you buy below the government-notified value, the circle rate may still become the base for duty.
Female buyer concessions
Several states offer a lower rate for women buyers. Delhi, Punjab, Haryana, Maharashtra, Rajasthan and Uttar Pradesh have offered concessions in different forms. The benefit usually applies when the property is registered solely in the woman's name.
Registration charges
Registration is separate from stamp duty. It is paid to record the transaction legally with the Sub-Registrar. Many states use around 1%, sometimes with caps or local variations.
GST and TDS
GST applies mainly to under-construction properties, while ready-to-move homes with completion certificate are typically outside GST. For property purchases above the applicable threshold, buyers may also need to deduct TDS under Section 194-IA.
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