Property Guide

Stamp duty & transfer costs

Stamp duty on a deed of transfer is 3% on the first Rs. 100,000 of the value and 4% on the rest, on the higher of the price and the market value. The notary’s fee comes on top and is not fixed.

12,500,000 or 12.5m both work.

Leave empty if you don't know it. Duty is charged on whichever is higher.

% of price

Published guides put it at roughly 1% to 3%. Use your notary's quote.

Example for a Rs. 10 million purchase. Enter your own figures.

Value duty is charged on
Rs. 10,000,000
Stamp duty
Rs. 399,000
Notary's fee
Rs. 100,000
On top of the price
Rs. 499,000

That is 5.0% of the price. By custom the buyer pays the stamp duty; write who pays what into the agreement.

What this leaves out

  • A deed of gift is on a different schedule and is not computed here.
  • A survey plan, a valuation, local-authority certificates and bank charges if you borrow. See what buying costs on top of the price.
  • VAT on a new apartment bought from a VAT-registered developer. Ask whether the price includes it.

Stamp duty is collected by the Provincial Council for the area. Confirm the current rate with your notary before you rely on it.