leThe registration charges and stamp duty for property purchase in Tamil Nadu vary depending on the type of property, the value of the property, and the location of the property.
For residential properties, the registration charges are 1% of the property value, and the stamp duty is 7% of the property value. For commercial properties, the registration charges are 2% of the property value, and the stamp duty is 7% of the property value.
The registration charges and stamp duty are payable to the sub-registrar’s office in the district where the property is located. The registration charges are payable at the time of registration, and the stamp duty is payable within 30 days of registration.
Here are some examples of the registration charges and stamp duty for property purchase in Tamil Nadu:
- For a residential property worth Rs. 10 lakhs, the registration charges would be Rs. 10,000 and the stamp duty would be Rs. 70,000.
- For a commercial property worth Rs. 20 lakhs, the registration charges would be Rs. 40,000 and the stamp duty would be Rs. 140,000.
It is important to note that these are just the basic registration charges and stamp duty. There may be additional charges, such as court fees, that are payable in certain cases.
It is also important to note that the registration charges and stamp duty are subject to change. It is always best to check with the sub-registrar’s office in the district where the property is located to get the latest information.