What Are the Ways in Which You Can Pay Stamp Duty?

To pay stamp duty, you must:

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    Buy a stamp paper

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    The stamp paper must be bought in the name of the buyer or seller

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    The charges must be paid by the buyer and seller equally

You can pay stamp duty in 3 ways:

1. By buying a stamp paper  from authorized sellers during property registration.

1. By buying a stamp paper from authorized sellers during property registration.

2. By paying stamp duty online:

2. By paying stamp duty online:

 

  • Next, select the state where the property is located.

 

  • Then, download and fill the application form.

 

  • After that, submit the filled-in form along with the stamp duty charges at a collection centre.

 

  • Finally, you will receive an e-stamp certificate with a Unique Identification Number (UIN).

Quick tip:

Use this website to get state-wise contact details for e-stamping:
https://www.shcilestamp.com/StatewiseOfficerDetailsRevised.pdf.

3. By using a Demand Draft and paying the stamp duty in a national bank.

3. By using a Demand Draft and paying the stamp duty in a national bank.

Pro tip:

You must pay the stamp duty in full:

  • one day before executing the property transaction, or
  • on the date of execution, or
  • one day after signing the legal deed

Points to remember

Points to remember

Here are some key takeaways from this section that you should remember.

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    Stamp duty is an indirect tax you pay at the time of purchase or transfer of property.

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    It is paid to the state government.

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    It can be used as a tax deduction.

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    It depends on the age, location and usage of property as well as on the gender of the property owner.

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