If you have purchased or constructed a house property, stamp duty and registration charges and other expenses that are directly related to the transfer are allowed as a deduction under Section 80C. The maximum deduction amount allowed under this section is capped at Rs.1,50,000(including all 80C investments).
When can you claim this deduction?
This deduction can only be claimed in the year the actual payment is made towards these expenses(By individuals and HUFs). If you buy the property on 30th August 2016 and pay its stamp duty and registration charge, you can claim these expenses under section 80C only in FY 2016-17.
The co-owners can claim these expenses in their respective income tax returns based on their share in the property or as agreed. However, the maximum limit of Rs. 1,50,000 available under section 80C shall still apply.