Introduction
Real estate investments in India have increased significantly after the coronavirus pandemic caused a mass exodus of people back to India’s tier-2 and tier-3 cities. Although some properties are quite affordable, when compared to big cities, buyers have to pay a significant portion of the transaction value as stamp duty and registration charges on purchases here.
Stamp Duty in Major Cities of India in 2024 Let us now calculate the stamp duty rates in some major Tier-2 cities in India for property purchases:
- Jaipur:
For men: 6%
For women: 5%
Joint Enrollment: 5%
Registration Charge: 1% - Lucknow:
For men: 7%
For women: 6%
Joint enrollment: 6.5%
Registration Charge: 1% - Bhopal:
For men: 7.5%
For women: 7.5%
Joint enrollment: 7.5%
Registration Charge: 3% - Varanasi:
For men: 7%
For women: 6%
Joint enrollment: 7%
Registration Charge: 1% - Meerut:
For Men: 7%
For Women: 7% (minus Rs. 10,000)
Joint enrollment: 7%
Registration Charge: 1% - Patna:
For men: 6%
For women: 6%
Joint enrollment: 6%
Registration Charge: 2% - Vadodara:
For men: 4.9%
For women: 4.9%
Combined enrollment: 4.9%
Registration Charge: 1%
Women buyers are exempt from paying registration fees in Vadodara - Mangalore:
Property Cost:
Above 45 lakhs: 5%
21 lakh to Between Rs. 45 lakhs: 3%
Up to 20 lakhs: 2%
Registration Charge: 1% - Chandigarh:
For men: 5%
For women: 5%
Joint Enrollment: 5%
Registration Charge: 1% - Ludhiana:
For men: 7%
For women: 5%
Joint Enrollment: Man + woman 56%, Man + man 7%
Registration Charge: 1%
Conclusion
Openplot is a website that helps you find, buy, sell, or rent properties in India. You can explore the properties across popular cities, categories, and budgets and get access to verified details, market reports, and prices. Openplot.com aims to make property administration simple and affordable for real estate business owners and customers.