Stamp Duty Calculator

In case of a new property, you are required to pay stamp duty that is levied by the state government. Stamp duty on your property is used to validate the property registration that is done in your name. Stamp duty also legalizes ownership document. If you do not pay stamp duty, then you are not considered a legal owner of the property in question.

To check how much stamp duty you have to pay, you need to enter the following
- The state you live in
- The overall value of the property
- Once you click submit, you will be given the amount of stamp duty you will be required to pay

The amount you have to pay will vary from state to state, and in some states, even according to gender. IBHL’s stamp duty calculator will help you find out the exact amount that you will be required to pay as stamp duty in any state or city.
Besides stamp duty, there are also registration charges, cess and surcharges. So all in all, you could end up paying between 7 percent and 10 percent of the market value of the property. The registration document proves that the property is indeed yours. Basically, the stamp duty is levied to validate your registration agreement.
The amount of stamp duty you will have to pay will depend on various things. The most important of these is the market value of the property. The value is determined according to a Stamp Duty Ready Reckoner in cities like Mumbai, which is revised from time to time to reflect the true market rates prevailing at the time. Generally while arriving at the amount you have to pay, the ready reckoner as well as the agreement value of the property is taken into consideration, and the higher value is used to calculate stamp duty.
Other factors too come into play while calculating stamp duty. These include age of the property, the area in which it is located, age of the owner (senior citizens could get a discount), and the type of use for which the property is to be put (residential, commercial etc). Flats and independent houses too may be charged different rates of stamp duty.
Stamp duty can be paid by printing the details of the agreement on non-judicial stamp paper or by using a franking machine at an authorized bank. Some states also enable payment of stamp duty through online banking.