Stamp Duty Calculator

What is stamp duty?

Stamp duty is a tax that governments impose on certain legal documents and transactions, primarily related to property purchases. When you buy a property, for example, stamp duty is a percentage of the purchase price or market value that you must pay. The exact rate and thresholds vary depending on the country or region. In addition to real estate transactions, stamp duty can also apply to other legal documents, such as those related to shares or certain types of contracts. The purpose of stamp duty is to generate revenue for the government and to formalize and record legal agreements. In many places, the amount you pay in stamp duty depends on the value of the transaction and sometimes on the type of property or the buyer's circumstances, such as whether it's a first-time home purchase.

How are the Stamp Duty and Registration Charges Calculated?

Stamp Duty is usually calculated as a percentage of the property's purchase price or its market value, whichever is higher. The specific rate and thresholds depend on the location and the property's value. Here are the factors affecting Stamp Duty:

• Property Value: The duty is a percentage of the property's purchase price or market value.
• Rates and Thresholds: Rates can vary and often include tiered percentages for different value ranges.
• Property Type: Rates may differ for residential, commercial, or agricultural properties.
• Buyer’s Status: Some regions offer exemptions or reduced rates for certain buyers.