what is the stamp duty of Regd. Mortgage and Equitable mortgage as per Stamp Act

Question

Accepted Answer

The stamp duty for a registered mortgage and equitable mortgage varies as per the Stamp Act.

The stamp duty for a registered mortgage is typically a percentage of the loan amount or the market value of the property.
The stamp duty for an equitable mortgage is usually lower than that of a registered mortgage.
The exact stamp duty rates for both types of mortgages can vary depending on the state or jurisdiction.
Stamp duty rates may also differ based on the purpose of the mortgage, such as residential, commercial, or agricultural.
It is advisable to consult the specific Stamp Act of the relevant jurisdiction or seek legal advice for accurate stamp duty information.

Accepted Answer

Local and state or stamp duty rules falow

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