![]() ![]() Let you know in brief about the charges with the below example. Ft, the buyer has to pay stamp duty and AP land registration charges on Rs.6000 per Sq.Ft, as it is higher. ![]() However, if the market price of the property is Rs. In rare cases, where the RRR is higher, the stamps and registration fees in Andhra Pradesh will be calculated on the RR Rate.Įxample to calculate the stamp duty and registration charges in Andhra PradeshĪssume, the property value in a particular area has RRR (Ready Reckoner Rate) of Rs.5000 per Sq. Taxes are generally an involuntary fee levied on individuals or corporations that is enforced by a government entity, whether local, regional or national in order to finance government activities. The stamp duty and registration fees are paid by the buyer are calculated from the market rate. Many property transactions in India take place by the market rate in a particular locality. Property Tax is one of the main sources of revenue for the ULB.Groups that advance policies to achieve income equity for men and women. Groups that promote the use of sustainable energy. And stamp duty is calculated as the higher of ready reckoner rate or actual transaction value. Groups interested in promoting policies that would implement a flat income tax for citizens in place of more progressive taxes. ![]() Ready Reckoner Rate (RRR)/circle rate means, it is the minimum value of the property that is fixed by the state government.Where property value is (higher of ready reckoner rate or actual transaction value).The stamps and registration charges in AP are calculated using the formula given below:
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