Stamp Duty

Stamp Duty is a tax paid to the government when you buy property or land. It’s calculated based on the property's purchase price or market value and varies depending on location and transaction type. Essentially, it's a fee for transferring ownership from the seller to the buyer. The amount owed can increase with the property's price, with specific rates and thresholds set by authorities. Paying Stamp Duty is a legal requirement, and failing to do so can lead to penalties or issues with registering ownership.