Home Loan Agreement Stamp Duty
Previously, stamp papers were used to confirm that the stamp duty had been paid. However, they were falsified, abused and resulted in fraud that led to the cessation of the practice by the government. Franking was therefore introduced as an alternative to confirming the payment of stamp duty. Yes, there have been declines in stamp duty in different states such as Maharashtra, Nagpur, Karnataka. You can check the stamp duty online with the stamp duty calculator. In the case of a new property, you are required to pay a stamp duty levied by the state government. Stamp duty on your property is used to validate the property registration that is made on your behalf.