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There are many factors which need to be considered for home aspirants while opting for home loans. One of them is stamp duty and registration charges included in home loan. It is a government tax, which is levied on any kind of monetary transaction that takes place while completing your home purchase. It is paid as per the provisions of Indian Stamp Act, 1899. The Stamp Duty and Registration Charges are different for different states.
It is essential to understand that stamp duty should be paid in full and without any delay, failing which a penalty can be levied. A stamp duty on home loan is a legal instrument which has an evidentiary value (admissible in a court of law as evidence). There are a number of factors which determine your stamp duty charges. We have listed some of them: