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In the case of a bank loan, is stamp duty charged on the property value (which is mortgaged) or the loan amount? In this particular case, the loan amount is double the property value.
Sir, stamp duty on a mortgage deed in India is generally charged on the higher of the loan amount or the property value. If the loan amount exceeds the property value, stamp duty will likely be calculated based on the loan amount. The specific rates vary by state so it is advised to consult an expert lawyer for precise details. For further legal assistance contact us on our helpline number.