No, the stamp duty charges are different for different states across India. The National Real Estate Developers Council (NAREDCO), has requested the Uttar Pradesh government to reduce the stamp duty charges on property registration for minimum of 12 months to encourage buyers to invest in the sector. Nitin Gadkari urged UP govt end stamp duty on toll collection agreements; J&K names 30 more Roshni beneficiaries with ‘land grab’ details Creating A Rental Agreement In Noida, Uttar Pradesh ... E-Stamping in UP was introduced in early 2013, initially being available only to folks who paid stamp duty of INR 10,000 or more. Watch. Delhi, Uttar Pradesh, Rajasthan, Punjab, and Haryana offer relaxation in stamp duty for women buyers. All brokerage firms used to collect it from thier clients and pay it … ... 2020, 08:07 IST. Know State wise ... Know State wise Rates of Stamp Duty for Formation of Company, MOA and AOA Stamp duty rules for Form INC-2/ INC-7/ INC-29, MoA, AoA, and SH-7. (Note: The story has been published without modifications to the text. The Uttar Pradesh government on Thursday notified the new stamp duty rates on registration fees for property and other transactions under which the maximum cap of Rs 20,000 on transactions has been done away with. West Bengal. Stamp duty rates in other major states largely hover anywhere between 5-8%, but they are lower in Delhi, Uttar Pradesh, Rajasthan, Punjab and Haryana as they offer relaxation in stamp duty for women buyers. 10,000 Uttarakhand Male – 5% Female – 3.75% West Bengal Up to Rs. What are the parameters in which the Government levies the stamp duty? 10,000 Uttarakhand Male – 5% Is there any penalty from the Government if the land buyer fails to pay the Government’s stamp duty charges? Stamp Duty Rates 2020: Check out the current Stamp Duty Rates and Process of Paying Stamp Duty. Additionally, it has also requested a flat Rs 2,000 registration fee for agreement-to-sale documents, which is currently at … A Rs 50-lakh property sale attracts Rs 2.5 lakh stamp duty at 5% on present rates and an additional Rs 65,000 has to be paid (25% of Rs 2.5 lakh) as registration of agreement to sale. Latest Stamp duty (%) in Uttar Pradesh is 7 % based on our records. The citizens should pay the stamp duty charges to the Government to transfer the seller’s property on the buyer’s name. Kathua: Deputy Commissioner Kathua, Om Prakash Bhagat today chaired a meeting of concerned officers to finalize stamp duty rates which will be effective from January 2021. The new rule replaces the old one which levied the stamp duty at 2 per cent but capped it a maximum of Rs 20,000 with a minimum slab of Rs 100. The Uttar Pradesh government on Thursday notified the new stamp duty rates on registration fee for property and other transactions under which the maximum cap of Rs 20,000 on transactions has been done away with. For instance, stamp duty charges in Maharashtra are 5% for key markets like Mumbai, Pune, Nagpur and Nashik, and 6% in others. Along with the stamp duty, buyers also have to pay the registration charges. For the fifth month in a row, Uttar Pradesh’s tax revenue collection has increased by an impressive 25%, with the state having collected Rs 2,522 crore more in December 2020 … Buyers are liable to bear Service Tax @ 15% on the 30% value of the contracted value. The property buyer should pay the stamp duty charges once after the property registration in a stipulated time. 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