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Friday 28 August 2015

What is stamp duty and registration?

Stamp duty and registration is required when you buy a flat or shop or any other property. It's a document of proof that you are the owner of given property.

What are the charges of stamp duty in Pune?
Stamp duty charges are around 6% of property value in Pune. So if you are buying the flat of 30 lacs, you will have to pay 180000 Rs. as stamp duty to the government.

What are registration charges?
Registration charges are 1% of the property value. For example if you are buying the flat of 30 lacs, you will have to pay 30000 Rs. as registration fee to the government.


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