Stamp duty calculator

Buying your dream home is an exciting milestone, but it’s also a financial commitment that requires careful planning. Beyond the property itself, there are additional costs to factor in, such as stamp duty and registration fees. These fees can vary depending on the property value, location and gender and can significantly impact your overall budget.

In India, stamp duty is a component of nearly every real estate transaction. This tax, which varies from state to state, is imposed on the transfer of real estate by the relevant state government.

Certain states provide stamp duty concessions, particularly to female homebuyers. Meanwhile, some jurisdictions impose additional taxes in the form of metro cess. As a result, it is advised to compute the stamp duty of a property in a certain state in advance using a stamp duty calculator to obtain a more accurate estimate of the same.

Aspect Realty’s stamp duty and registration charges calculator is a user-friendly tool designed to help you estimate these crucial expenses. Just like our Home Loan EMI Calculator helps you understand your monthly loan repayments, this stamp duty registration calculator helps you to calculate the registration charges beforehand so you can estimate the expenses you may incur. 

By entering the property value, gender and your city location within Maharashtra, the estimator provides you with an approximate figure for stamp duty and registration fees. Remember, this is an estimate, and actual fees may vary.

Factors that Determine Stamp Duty & Registration Charges

Here are factors that have a bearing on the determination of your Stamp Duty & Registration Charges:

1. City and State of the Property to be registered.
2. The value of the Property.
3. Gender of the person the property is being registered to.

How To Calculate Stamp Duty & Registration Charges Using Our SDR Calculator

You can use Aspect Realty’s Stamp Duty & Registration Charges Calculator to compute the charges payable for your home registration.

Follow these steps to calculate the property registration charges.

1.  Select your State and City
2.  Select your Gender
3.  Enter the Property Value
4.  The Stamp duty rate and registration fee will be displayed

How to calculate stamp duty & registration charges

Since state governments set stamp duty rates, they vary across the nation and range from 3% to 10% of the value of the property. The location of the property, the owner’s age and gender, how the property is used, and the kind of property all have an impact on stamp duty rates. Use our Stamp Duty Calculator to get an estimate of how much you will be required to pay.

In addition to the stamp duty on real estate, you must pay registration fees, which are typically set by the state and imposed by the central government. Stamp duty and registration charges in Maharashtra are typically 1% of the property’s total market value. But depending on the kind and condition of the property, this fee may vary.

Here’s an example to help you understand the stamp duty and registration charges in Mumbai and Thane with the calculation formula:​

1. Cost of the property: Rs.50 Lacs
2. ​​​Stamp duty rate in Mumbai for Males: 6%​​
3. ​​​Stamp duty payable: 6% of Rs.50 Lacs = Rs.3 Lacs
4. ​​​Registration charges payable: 1 % of Rs.50 Lacs = Rs.50,000​​

​​​Here, the total amount payable on stamp duty and registration charges will be Rs.3,50,000​​.

How to Reduce Stamp Duty Charges on Property?

Here are some tips to help you do this:

1. Joint Ownership: Consider owning a property jointly with your spouse or family. It is possible for both parties to split the stamp duty liability.
2. Home Loan: If you decide to take a home loan to buy the property, you can deduct the stamp duty and registration costs under Section 80C of the Income Tax Act, 1961.
3. Registering for the ‘Women as Co-Owners’ Category: Many states provide discounted stamp duty rates to female property owners.

While taking into account these suggestions to lower stamp costs, always make sure that legal and regulatory standards are met.