When you buy a property, the price agreed with the seller is not the only cost. Two government charges apply on the transaction.
Stamp duty is a tax paid to the state government on the sale deed. It is calculated as a percentage of the property value and makes the document legally valid.
Registration charges are the fee for recording the sale deed at the Sub-Registrar's office, which officially enters the transfer into government records.
These charges are usually paid by the buyer, so it is wise to include them in your budget from the start rather than treating them as an afterthought.
Rates can change with government notifications, so confirm the current figures before you finalise a purchase. Our team can help you estimate the total cost for a specific property.