Stamp duty varies from state to state and may also depend on gender, communal areas or income categories within the state. In Gujarat, the principle of stamp duty is 3.50% and the total rate is 4.90%, i.e. 4.90 for each rule. 100/- must be paid as stamp duty for Gujarat Property Registration. The registration fee is 1.05%. Buying a home is one of the most important financial decisions that everyone can make in their lifetime. It is a frightening financial and emotional experience where we recognize ownership when buying a home, we make a down payment, we apply for a loan, we sign the sales contract, etc. Then comes the possession which is the actual transfer of the property, but that is not enough, because we have to provide patented legal evidence. To do this, you should register the property in local municipal books on your behalf, with the seller reporting that the property is being sold. You must also pay a stamp duty at the time of registration, which is a state tax on real estate transactions. The Gujarat property registration procedure is subject to the Gujarat Amendment of 1908.
» Real Estate Trends » Stamp duty and registration fees in Gujarat 4.90 Rs. for each Rs. 100 must be paid as stamp duty for the Gujarat Property Registration. Stamp duty is calculated on the market value of a property, while registration fees go on the cost of documenting your property and are generally lower than stamp duty. Stamp duty or non-postal stamps are collected at a crossroads (M.S. Building, Lal Darwaja Boro) and then distributed to the rest of Gujarat. The head of the knot is the superintendent of stamps. Non-postal stamps are received by the India Security Press Nasik and distributed to district finance offices throughout the state.