Stamp duty and registration charges are two such charges that the purchaser needs to acquire far beyond the property's expense to complete the formalities of purchasing the home. However, banks do not finances stamp duty and registration charges under Home Loans. In this way, it is significant as a purchaser to remember these charges in addition to the home loan interest rates and put something aside for them likewise when you intend to purchase a house.

The stamp duty and registration charges on a property vary from state to state. Generally, it charges an amount of up to 12% of the rate of the home. The registration procedure first started with the Indian Registration Act of 1908. The property will be registered where the sub-registrar of that region situates it. Here are the steps to follow when you are going for registration and stamp duty.

● Purchase the non-legal stamp papers according to the required amount, either online or on the ground.
● Recruit a lawyer to get the sales to deed designed to act upon your (the buyer's) behalf.
● Get an estimate of your property's value to calculate appropriate stamp duty.
● The deed will get registered at the sub-registrar's office and will require two witnesses to put their signature on it as well.
● You have to submit the necessary records like – the address proof, no objection certificate, and your identity proof.
● Pay the charges for registration and stamp duty charges.
● After verification of the documents, the registration p process is considered complete. The office of the registrar holds the duplicate of the papers while you will get the original one.

When you avail a home loan, you should check the factors in the charges for both stamp duty and registration as these would make up an essential component of your total cost of the home. Contact AGRIM Housing Finance to get accurate information about the property, and it's all the charges.


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