Explanation:

Stamp duties and registration charges sum up to about 8-10% f the total cost of the property. The government included these charges under section 80C of the Income Tax Act 1961. According to section 80C, the maximum deduction of stamp duty and registration charges could not exceed 1.5 lakh.This constitutes as the major state taxe in India as sale purchase of a property or even leasing a property is a non stop process and on all the formal paper works stamp suty and registration fee is charged accordingly.