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N K Agrawal   09 February 2020

1234

What is the stamp duty fee for a flat constructed by a housing co operative society which was acquired by transfer of shares before completion of construction and on what value stamp duty playable


Quick Summary
This discussion clarifies the stamp duty payable on a flat acquired through share transfer in a housing co-operative society before construction is finished. The stamp duty is calculated on the higher of either the government-assessed value or the agreed purchase price. Rates can vary significantly by state, typically ranging from 3% to 10%.

 2 Replies

SHIRISH PAWAR, 7738990900 (Advocate)     09 February 2020

Dear querist,

You have to pay stamp duty on govt. value or agreement value whichever is higher.

Regards,

Joy Bose   09 February 2020

Hello,

The stamp duty is decided between the ready reckoner rate (circle rate) and the agreement value of the property, whichever is higher. The stamp duty ranges from three percent to ten percent depending upon the particular state.


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