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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 ?


Learning

 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

  • Age of the Property
  • Value of the Property
  • City or location of the Property
  • Gender and age of the Property owner
  • Usage of Property
1 Like

P. Venu (Advocate)     24 October 2021

The posting is a reddle than a query!  The facts posted lacks clarity.


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