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 ?

2 Replies

Rama chary Rachakonda (Secunderabad/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