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Stamp duty slashed in TN

Tamil Nadu has drastically reduced the stamp and transfer duty (surcharge) on registration, and also made it uniform for urban and rural areas.

  • The stamp duty has been slashed from the 8 per cent in urban areas and 7 per cent in rural areas to 6 per cent for both.

  • The transfer duty (surcharge) which was 5 per cent both for urban and rural areas has been brought down to 2 per cent, apart from 1 per cent registration fee.

  • The new rate of stamp duty will be 9 per cent applicable throughout the State.

    BL Research Bureau

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