Stamp duty also applies to transportation, sales, sales and proxy documents, and this rate varies by country (2 to 7%). Thus, in Maharashtra, stamp duty is currently about 2 percent of the value of the property, while it is about 7 percent in Tamil Nadu. Stamp duty is a mandatory payment and should normally be borne by the buyer. Documents that do not have to be registered, but must pay stamp duty examples of exemptions, remissions or stamp duty exemptions are: Who must bear stamp duty and registration fees while resisting construction contract. Is it the buyer or the owner The late stamp penalty varies depending on the delay period. The maximum fine is RM100 or 20% of the duty obligation, depending on the highest amount. In general, the transfer of real estate may give rise to a significant stamp duty: an instrument not stamped or insufficiently stamped is not admissible as evidence before the courts and is also not exchanged by a civil servant. Exemption of stamp duty on all instruments related to the acquisition of real estate by a financier for rental purposes in accordance with the principles of Syariah or an instrument by which the financier assumes the contractual obligations of a client in the context of a main sale and sale contract. Stamp duty is one of the extra costs that must be borne by a buyer beyond the actual purchase price of the property. For example, if a house costs 80 Lakh, you will pay this price to the seller, but you still have to pay stamp duty and registration fees to the government and other fees such as for maintenance at the company`s apartments/apartments.

Stamp duty exemption for instruments executed by a contractor or developer, i.e. a contractor or developer who has been commissioned or authorized by the Minister of Housing and Municipal Government to carry out renovations to an abandoned project. The instruments are loan agreements approved by the approved beneficiary and transmission instruments to transfer revitalized residential real estate related to the abandoned project. This applies to instruments implemented by emergency services or promoters on January 1, 2013 or after January 1, 2013 and no later than December 31, 2020, until December 31, 2025. Under the Indian Stamp Act of 1899, stamp duty must be paid as a measure to cover and track all transactions. Therefore, stamp duty works almost as evidence of the conclusion of the agreement and that it took place. It is a valid legal person in court as evidence in the event of a dispute.