Stamp Duty Calculator

Stamp duty and registration charges are important taxes which a homebuyer must pay to the respective city authorities to register a property in their name. Different State governments levy different rates of stamp duty and registration fee. Read on below to understand more about the stamp duty calculator and the current stamp duty and registration rates across India in 2024.

What is Stamp Duty on the property?

Introduced in the late 19th century, Stamp Duty in India is a form of tax paid by homebuyers while purchasing a property. The State government levies stamp duty charges on all types of real estate properties including freehold or leasehold units, land (agricultural and non-agricultural), independent houses or villas, residential flats or commercial units.

Current stamp duty rates across States - 2024

After understanding the importance of levying real estate stamp duty, it is now mandatory to know how to calculate stamp duty. The stamp duty calculator helps you compute the stamp duty charges. You will come across several queries online about how to find the stamp duty value of property in India.

How to calculate stamp duty rates in India?

Stamp duty on residential property is calculated on the higher value between the Ready Reckoner Rate and the value of the property mentioned in the agreement. For instance, if the ready reckoner rate of the unit is ₹80 lakh and the value of the property as per the agreement is ₹60 lakh, the stamp duty on the sale of the property will be calculated on the reckoner rate, which is higher (₹80 lakh).

What are some factors that help in calculating stamp duty charges in India?

• Property status: The rate depends on whether the unit is old or new.
• Location: Charges vary by jurisdiction such as city, rural, metropolitan, or suburban areas.
• Age and gender: Select states offer rebates to senior citizens and women.
• Usage: The intended use of the property is also considered while finalising the rate.