Stamp Duty Formula:
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Stamp Duty is a tax levied on legal documents, typically in the transfer of assets or properties. In India, it is governed by the Indian Stamp Act, 1899 and varies by state.
The calculator uses the formula:
Where:
Explanation: The calculation multiplies the transaction value by the current stamp duty rate to determine the payable amount.
Details: Accurate stamp duty calculation is essential for legal compliance in property transactions, document registration, and avoiding penalties for underpayment.
Tips: Enter the transaction value in Rs and the applicable stamp duty rate for 2025. Ensure all values are valid (value > 0, rate > 0).
Q1: Are stamp duty rates the same across all Indian states?
A: No, stamp duty rates vary by state and type of transaction. Always check the specific rates applicable in your state.
Q2: When is stamp duty payable?
A: Stamp duty is typically payable at the time of document execution or registration, depending on the state's regulations.
Q3: Can stamp duty be paid online?
A: Yes, many Indian states now offer online payment facilities for stamp duty through their respective e-stamping portals.
Q4: What documents require stamp duty payment?
A: Common documents include property sale deeds, lease agreements, mortgage deeds, and various legal agreements.
Q5: Are there penalties for incorrect stamp duty payment?
A: Yes, insufficient stamp duty payment can result in penalties, which vary by state but typically include fines and interest charges.