Rates of Stamp Duty
Rates of Stamp Duty
Stamp duty rates in India vary by state and the nature of the transaction (like property purchase, lease, or gift). Here’s a general overview of the stamp duty rates for property transactions in some states as of 2024:
Stamp Duty Rates for Property Transactions in India
| State/Union Territory | Rate for Male (in %) | Rate for Female (in %) | Rate for Joint Ownership (in %) | Rate for First-time Home Buyers (in %) |
|---|---|---|---|---|
| Andhra Pradesh | 7% | 6% | 6% | 3% |
| Arunachal Pradesh | 6% | 6% | 6% | 3% |
| Assam | 5% | 5% | 5% | 2% |
| Bihar | 4% | 4% | 4% | 2% |
| Chhattisgarh | 5% | 5% | 5% | 2% |
| Goa | 3% | 3% | 3% | 3% |
| Gujarat | 7% | 6% | 6% | 1% |
| Haryana | 6% | 4% | 5% | 2% |
| Himachal Pradesh | 5% | 5% | 5% | 3% |
| Karnataka | 5% | 5% | 5% | 1% |
| Kerala | 8% | 8% | 8% | 2% |
| Madhya Pradesh | 7% | 5% | 6% | 3% |
| Maharashtra | 6% | 5% | 6% | 1% |
| Punjab | 6% | 6% | 6% | 3% |
| Rajasthan | 7% | 6% | 6% | 1% |
| Tamil Nadu | 7% | 7% | 7% | 1% |
| Telangana | 7% | 6% | 6% | 3% |
| Uttar Pradesh | 7% | 6% | 6% | 2% |
| Uttarakhand | 6% | 6% | 6% | 3% |
| West Bengal | 7% | 6% | 6% | 1% |
Notes:
- Joint Ownership: Rates for joint ownership may vary by state and often depend on the gender of the owners.
- First-time Home Buyers: Some states provide concessions for first-time home buyers.
- Exemptions/Reductions: Certain exemptions or reductions may apply based on the property’s location, value, and intended use.
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