Stamp Duty and Registration charges in Gujarat

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Are you looking to buy a new home? Well, Cleardeals is here to help you with it!! But, Wait!! Are you aware of the stamp duty charges? Have you heard about Registration charges in Gujarat? So, what is meant by stamp duty? Stamp duty is a tax, which basically legalizes your purchase of real estate property. In 2024, Stamp duty is charged between the range of 3.5% to 7.5% in Gujarat that is based on factors such as property location and market value. A buyer can pay the duty at banks or franking centres near them.

Next, comes the Registration charges. This is standard 1% of your property’s market value. However, this seems like an extra burden right? Why should a buyer pay registration charges on top of stamp duty and taxes? It is because registering your property protects the owners legally in future and maintaining official records. Along with this, registration charges creates a public record, which establishes a clear ownership of the property. We hope we were able to help you with this and wish you the happy house hunt, which is definitely better with Cleardeals!