Industry bodies are urging the authorities to consider a reduction in registration fees as well, by 2%. See also: Stamp duty in Gujarat and registration charges However, buyers will find it a big relief, if the circle rates are also slashed, especially in places where there is a larger gap between the actual market value and the circle rate, that is, where the circle rate is much higher. You can see through the example cited above that stamp duty cuts will definitely help improve buyer sentiments. See also: Elaborated in detail franking meaning Do stamp duty cuts really help? Note that there are no concessions for female home buyers and the stamp duty in MP on property is the same for both, men and women, in Madhya Pradesh. Prior to September 2020, if you bought a property, you would have to pay Rs 12.50 lakhs towards stamp duty charges, on a property worth Rs 1 crore. There is a sizable savings if you are looking to buy a property soon. See also: How to do Khasra number check MP How much money can you save on property in MP? See also: All about laws of property registration in India Stamp Duty in Madhya Pradesh
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