Land

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  The fee you must pay to the authorities in order to register a property in your name is known as stamp duty.

  
  


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  Stamp duty and registration charges in Tamil Nadu are paid to the same entity that handles all of the paperwork required to complete the process.

  
  


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  Under the Registration Act, stamp duty must be paid on all documents that are registered in India.

  
  


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  It can be more difficult to register a property than it is to buy one. 

  
  


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  Keep in mind that when buying a property, the price the seller quotes you is not the ultimate price you’ll have to pay.

  
  


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  When you register it in your name, a few lakhs are easily added to the price stated to you. 

  
  


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  Did you know that when you buy a property, you’ll have to pay stamp duty, registration fees, cess, and surcharges?

  
  


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  The property’s total market value and the overall cost of the charges might be as much as 7% to 10%, depending on the charges.

  
  


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  While registration fees range from 4%, stamp duty ranges from 7% of the total market value of the property in most Indian states.

  
  


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  The stamp duty rate varies from state to state and is determined by the type of transaction (sale, lease, gift, mortgage, etc.).

  
  


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  In India, Tamil Nadu is one of the states with the highest stamp duty and registration fees.

  
  

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