Buying a new property is a step-by-step process and involves many expenses that are not apparent upfront. Stamp duty and registration charges are one such expenditure. Buyers must factor in all the allied costs, before moving ahead with a property purchase plan. Hence, they must know how much money is to be paid during property registration.

Stamp duty is a tax levied by respective state governments on the purchase of any immovable asset within India under section 3 of the Indian Stamp Act, 1899. Just physical possession of a property is not considered legal ownership. The property must be registered in your name to be considered legally yours.