Stamp Duty Rules: Your wife can make huge savings while buying property, know these rules of stamp duty

Wife Joint Owner, Stamp Duty Rules: While buying property, your wife can help you save a lot on stamp duty. Know the rules related to this.

Wife Joint Owner, Stamp Duty Rules: It is very important to pay stamp duty while buying a property. Without paying it, the registration of your property is incomplete. But, do you know that if you write your wife’s name in the property papers, you can save lakhs of rupees. Actually, if you make a woman like your wife, mother or someone else the joint owner of your property, then according to the rules of many states, you can save a lot in stamp duty.

Stamp duty rules vary from state to state

Stamp duty is a state subject. In such a situation, the rules and rates of stamp duty are different in every state. If we talk about the national capital Delhi, then the rate of stamp duty for women buyers is less than that for male buyers. For example, if the stamp duty for men is six percent, then it can be four percent for women. Apart from this, in Maharashtra also women are given a discount of 1 percent on stamp duty compared to men. However, these rules can be different in villages and cities.

In Rajasthan, 0.5 percent discount is given

Women are also given exemption in stamp duty in states like UP, Haryana, Rajasthan and Jharkhand. The Rajasthan government had announced in its budget in the year 2025 that a discount of 0.5 percent will be given on property purchased jointly with the wife. This exemption will be available only on property up to Rs 50 lakh. Not only this, Rajasthan Finance Minister Diya Kumari had announced that the benefit of stamp duty exemption on power of attorney will now be available to daughter-in-law and grandchildren as well.

How is stamp duty decided

It is worth noting that the stamp duty rate depends on the value of your property. The higher the value of the property, the higher will be the stamp duty. The calculation of stamp duty depends on the current market value of the property. Apart from this, the deal price written in the sale agreement is decided on the basis of market value or circle rate. However, every state government decides it according to its own. The rate in urban areas is higher than in rural areas.

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