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What is the stamp duty cost for property of 40 lakh


08-Jul-2023 (In Property Law)
What is the stamp duty cost for issuance of succession certificate for property of 40 lacs. property is situated in hyderabad
Answers (2)

Answer #1
850 votes
sir
stamp duty for property of 40 lakhs is 2 lakhs i.e 5% of the property value.
issuance of succession certificate for property is a different subject and it also depends on your possession.
if you are in possession of the property mutation is enough.
succession cannot be in vacuum,if you are in possession mutation is enough.
Answer #2
998 votes
Hi
The court fees for a succession certificate calculated under the Indian Succession Act is zero for an asset valued less than Rs1000.
For an asset valued between Rs 1,001 and Rs 50, 000, it is 2 per cent, for Rs 50,001 to Rs 2lakh it is 4 per cent, between 2lakh and Rs3 lakh it is 6 per cent and above Rs3 lakh it stands at 7.5 per cent with a maximum ceiling of Rs 75,000
Hope this helps.

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