Stamp Duty for First-Time Home Buyers
Stamp duty concessions for first-time buyers vary by state. Maharashtra reduces duty for women by 1% (4% vs 5%). Some states offer concessions for properties under Rs 45 lakh (PMAY affordable housing). There is no universal first-time buyer stamp duty exemption in India, but the 80C deduction on stamp duty applies regardless of whether it is your first or second property.
Stamp Duty
₹2,50,000
5.0%
Registration
₹50,000
Property Value
₹50,00,000
Total Cost
₹53,00,000
Rates are approximate and vary by property type and location within the state. Female buyers get a discount in most states. Mumbai properties attract an additional 1% metro cess in Maharashtra.
Weekly Indian rate update
RBI repo, top FD rates, tax deadlines. Free. No spam.
Calculated with CalcCrack
Common questions about Stamp Duty for First-Time Home Buyers
Which Indian states have the lowest stamp duty?
Lowest stamp duty states: Himachal Pradesh (5%), Uttarakhand (5%), and most northeastern states (4-5%). Maharashtra women buyers pay just 4%. Some states have 2% for affordable housing under Rs 20 lakh. Compare: Kerala charges 8%, Rajasthan 6-7.5%, and Karnataka 5.6% - among the higher end of the range.
Is stamp duty included in the home loan amount?
Banks do not include stamp duty in home loan calculations - it must be paid from your own funds. On a Rs 50 lakh loan at 90% LTV (property value Rs 55.6 lakh), stamp duty of Rs 2.8-3.1 lakh is an additional out-of-pocket cost. This is why actual down payment is always higher than just the LTV difference.
What is the Section 80C deduction limit for stamp duty?
Stamp duty and registration charges are included within the Rs 1.5 lakh per year Section 80C limit. You can claim them only in the year they are paid. If stamp duty is Rs 6 lakh, you claim Rs 1.5 lakh this year and the remaining Rs 4.5 lakh is not deductible in future years - there is no carry-forward for the excess.