Stamp Duty, Registration Fees, Transfer Tax:-

(16) Stamp Duty, Registration Fees, Transfer Tax:-

If you decide to purchase property than in addition to cost paid to seller. You must consider additional cost to transfer that property on your name.

That cost include registration fees, stamp duty and transfer tax. This is required for preparing legal document of property.

In simple sense this tax is imposed on the handing over of the title of property ownership by one person to another. It incorporates a legal transaction fee & stamp duty. This amount varies from property to property based on cost.