If you sell your property within 3 years of acquiring it, it’s considered to be a short-term capital gain. If you sell the property anytime after 3 years, it is considered to be a long-term capital gain.
Long term capital gains tax is 20% plus a cess of 3%. The short-term capital gains tax is taxed by including the short-term capital gain along with the total income for the individual and taxed per the applicable slab rate.