Stamp duty & Registration charges for share purchase agreement
2 years ago
How to decide in which state to pay registration charges and stamp duty for share purchase agreement if the buyer is in karnataka and seller is in mumbai? and how to calculate the amount of stamp duty and registration charges.
A.Dear Sir,
The registration fee must be always filed as per the State rules where the property is situated. The residents of seller is of no consequence. You may approach any Sub-Registrar in Karnataka and get to know the actual fee to be paid.
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The registration fee must be always filed as per the State rules where the property is situated. The residents of seller is of no consequence. You may approach any Sub-Registrar in Karnataka and get to know the actual fee to be paid.
PLEASE GIVE ME RATING AS RANK 5
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
Stamp duty and Registration Charges differ from one state to another. You will have to pay Stamp duty while registering a property as it is mandatory under Section 3 of the Indian Stamp Act, 1899. All the charges put together can come up to 7% to 10% of the total market value of the property or more than that. In most states in India, 5% to 7% of the total market value of the property is charged as stamp duty while 1% is charged as registration fee.
If you find my answer helpful then kindly rate me.
Stamp duty and Registration Charges differ from one state to another. You will have to pay Stamp duty while registering a property as it is mandatory under Section 3 of the Indian Stamp Act, 1899. All the charges put together can come up to 7% to 10% of the total market value of the property or more than that. In most states in India, 5% to 7% of the total market value of the property is charged as stamp duty while 1% is charged as registration fee.
If you find my answer helpful then kindly rate me.
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A.Hi,
The cost of stamp duty is usually 5-7% of the property. It is preferable to do your stamp duty in Karnataka since you will be in possession of the goods. Further, the registration charges for stamp duty account for 1% of the property value.
If you find my answer helpful then kindly rate me.
The cost of stamp duty is usually 5-7% of the property. It is preferable to do your stamp duty in Karnataka since you will be in possession of the goods. Further, the registration charges for stamp duty account for 1% of the property value.
If you find my answer helpful then kindly rate me.
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