Stamp duty
shyam lal
(Querist) 25 June 2021
This query is : Resolved
I wish to Gift my share of immovable property,hence it has to be registered and stamp duty has to be paid according to the value of the property,Query is which department /agency's valuation amount would be excepted by the stamp/registrar department.
Advocate Bhartesh goyal
(Expert) 25 June 2021
Every Sub Registrar determine the valuation of property himself as per circle rate of property fixed by Govt.in his area.
kavksatyanarayana
(Expert) 25 June 2021
The Sub Registrar in whose jurisdiction the property lies can give you a valuation. In most Indian States, a Market Value slip will be given officially by collecting a normal fee of Rs.10/- or so as it varies from one State to another State.
R.Ranganathan
(Expert) 27 June 2021
Value for stamp duty will be as per guideline value fixed by govt. Verify from the Sub Registrar of the place where your property is situated.
T. Kalaiselvan, Advocate
(Expert) 29 June 2021
The State government is authorized to fix the Property Guideline value for all the areas in the State.
For a residential area that is not formed into streets, the guideline value of such properties is fixed upon the survey number of the property.
Property Guideline value is the estimated market value of the property as per the records maintained by the Government. Under ideal conditions, the property guideline value should reflect the true market value of the property. However, in most of the cases, the property guideline value is lower than the market value of the property; but can also be higher than market value in exceptional cases.
