What is mean by stamp duty and Registry?

Stamp duty is a tax imposed by the government on various legal documents and transactions, such as property sales, agreements, leases, and certain financial transactions. The amount of stamp duty payable typically depends on the value of the transaction or the value of the property involved. It is usually calculated as a percentage of the transaction value and is payable to the government.

Registry, in the context of property transactions, refers to the process of registering the property transfer documents with the government authorities, typically the land registry or registrar office. This registration serves as official proof of ownership transfer and ensures legal validity and protection of property rights. It involves submitting the necessary documents, paying applicable fees, and obtaining official certification of the transfer. Registry is a crucial step in completing property transactions and provides security to both buyers and sellers.
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