Legal Question in Real Estate Law in India

How STAMP DUTY of new flat changes every month OR factors in which stamp duty of new flat depends on? & when it is lowest?


Asked on 8/14/13, 7:44 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

14.06.2013

Dear Sir / Madam,

Stamp Duty rates are revised only once a year by each and every State. A ready reckoner of prevailing rates of property in different localities is released by the Registrar of Properties / Tahsildar every year for the information of the public. In some States, the Stamp Duty rates are revised on 01st January of every calender year, whereas in a few other States, the Stamp Duty rates are revised on 01st April of every year so as to coincide with the financial year as per Income Tax.

Regards,

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Answered on 8/14/13, 8:21 am


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