Talati Wasim 23 October 2021

Stamp Duty

If a nephew takes a non-substitute right from the joint property on behalf of the uncle, will he have to pay the duty ?

Quick Summary

This discussion explores whether a nephew acting on behalf of his uncle for a property transfer incurs Stamp Duty. Stamp Duty is generally payable on property transactions, based on the higher of the property's value or the circle rate. Several factors influence the Stamp Duty amount, including the property's age, value, location, and the owner's age and gender.

2 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 24 October 2021

Stamp duty is payable irrespective of the type of property purchased — under-construction, new completed or re-sale. It is payable on the value of the property or on the circle rate (price of the property or land in a region, published and regulated by the State government), whichever is higher.

Stamp Duty Registration Factors