Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 4 terms
A state levy charged on the value of a property transaction, and separately on securities purchases.
A one-time cost that buys you nothing and is gone the day you sign. On property it runs 5–8% depending on the state.
The total of brokerage, STT, stamp duty, GST, spread and impact.
Charged per trade, so frequency is the largest controllable drag on returns.
The fee a broker charges for executing a trade.
Only one line of the bill. STT, stamp duty and exchange fees are charged on turnover regardless of profit.
The minimum value per unit area notified by a state government for property transactions in a locality.
Stamp duty is charged on the higher of the documented price and this notified value, and the income tax provisions for immovable property key off the same figure — so in a weak local market duty and tax can be computed on a price nobody is actually paying.