Quote:
Originally Posted by harshada24
Can someone please post the most recent information in this regard? Has the stamp duty increased or not?
Also, can someone please provide the exact formula for calculating stamp duty?
Thanx.
|
Dear harshada,
The ready reckoner rates do have changed but that matters only when you make the agreement at govt valuation otherwise the SD is calculated as before.
Formula to evaluate SD & RF is as follows:
SD = (Agg Cost - 500000)x5% + 7600. (7600 is SD for 5L)
RF = (Agg Cost)x1% OR 30000 (whichever is less)
Hope this helps you.