To legalise a property transaction, a buyer has to pay tax to the state government. This is known as stamp duty and registration charges. This tax applies to different types of properties such as flats, apartments, duplex, villas, land commercial units and industrial units.
What is stamp duty and registration charges in Maharashtra?
The tax paid to legally register a property in Maharashtra (urban and rural) is known as the Stamp duty and registration charges. This is charged under the Maharashtra Stamp Act. Check this guide to know details about the stamp duty and registration charges in Maharashtra 2024
See also: All about stamp duty in MP
What is Maharashtra Stamp Act?
The Maharashtra Stamp Act also known as Bombay Stamp Act 1958 applies to all the instruments mentioned in Schedule 1, on which the stamp duty is payable to the state.
Recent amendments in the Act include a revision of:
gift deed stamp duty Mumbai
inclusion of e-payment of stamp duty Maharashtra
revision of penalty clauses
increment of stamp duty in Maharashtra under certain instrument clauses.
See also: Property registration online process and charges in India
What are the factors on which stamp duty Maharashtra 2024 is based on?
Age
Senior citizen may have rebate in stamp duty
Gender
Stamp duty for women in Maharashtra is less than that for men
Property age
Old property – low stamp duty
New property- comparatively high stamp duty
Property type
Stamp duty for residential property is less than commercial property
Locality
Stamp duty of posh area more than stamp duty of affordable area (based on RR rate)
Market value
More market value means more stamp duty to be paid
What are charges covered in stamp duty and registration Maharashtra stamp duty?
Property location
Cess included in stamp duty
Properties in urban areas that fall under Municipal Corporation or Municipal Council limits
1% of property value
Properties in rural areas which fall under Gram Panchayat and not under the jurisdiction of any Municipal Corporation or Municipal Council
1% of property value as Zilla Parishad cess
Corporation (NMC) and Nagpur Improvement Trust (NIT) jurisdiction
Additional surcharge of 0.5% over and above the 1% property value as cess.
See also: All about Maharashtra rent agreement stamp duty and registration laws
Maharashtra simplifies property registration in Mumbai
The Maharashtra government on August 28 issued a notification that declared merging of all 32 registration offices in the city into two divisions- Mumbai city (6 SROs)and Mumbai suburbs (26 SROs). Also the process of registering your property anywhere in the city will start soon, thus providing convenience to people. For example, a property located in Bandra can be registered in a SRO located in Mumbai city.
Stamp duty and registration charges in Mumbai 2024
City
Stamp duty rates applicable (w.e.f. April 1, 2022) for men
Stamp duty rates applicable (w.e.f. April 1, 2022) for women
Registration charges
Mumbai
6% (includes 1% metro cess)
5% (includes 1% metro cess)
Rs 30,000 for properties above Rs 30 lakh
1% of property value for properties below Rs 30 lakh
Stamp duty and registration charges in Pune 2024
City
Stamp duty rates applicable (w.e.f. April 1, 2022) for men
Stamp duty rates applicable (w.e.f. April 1, 2022) for women
Registration charges
Pune
7% (includes 1% metro cess, metro cess, local body tax and transport surcharge)
6% (includes 1% metro cess, metro cess, local body tax and transport surcharge)
Rs 30,000 for properties above Rs 30 lakh
1% of property value for properties below Rs 30 lakh
Current stamp duty in Mumbai area wise 2024
Area
Stamp duty
Registration charge
South Mumbai
5% (+1% metro cess)
1%
Central Mumbai
5% (+1% metro cess)
1%
Western Mumbai
5% (+1% metro cess)
1%
North Mumbai (Harbour line)
5% (+1% metro cess)
1%
Stamp duty and registration charges in Thane 2024
City
Stamp duty rates applicable (w.e.f. April 1, 2022) for men
Stamp duty rates applicable (w.e.f. April 1, 2022) for women
Registration charges
Thane
7% (includes 1% metro cess, local body tax and transport surcharge)
6% (includes 1% metro cess, local body tax and transport surcharge)
Rs 30,000 for properties above Rs 30 lakh
1% of property value for properties below Rs 30 lakh
Stamp duty and registration charges in Navi Mumbai 2024
City
Stamp duty rates applicable (w.e.f. April 1, 2022) for men
Stamp duty rates applicable (w.e.f. April 1, 2022) for women
Registration charges
Navi Mumbai
7% (includes 1% metro cess, local body tax and transport surcharge)
6% (includes 1% metro cess, local body tax and transport surcharge)
Rs 30,000 for properties above Rs 30 lakh
1% of property value for properties below Rs 30 lakh
Stamp duty and registration charges in Pimpri-Chinchwad 2024
City
Stamp duty rates applicable (w.e.f. April 1, 2022) for men
Stamp duty rates applicable (w.e.f. April 1, 2022) for women
Registration charges
Pimpri-Chinchwad
7% (includes 1% metro cess, local body tax and transport surcharge)
6% (includes 1% metro cess, local body tax and transport surcharge)
Rs 30,000 for properties above Rs 30 lakh
1% of property value for properties below Rs 30 lakh
Stamp duty and registration charges in Nagpur 2024
City
Stamp duty rates applicable (w.e.f. April 1, 2022) for men
Stamp duty rates applicable (w.e.f. April 1, 2022) for women
Registration charges
Nagpur
7% (includes 1% metro cess, local body tax and transport surcharge)
6% (includes 1% metro cess, local body tax and transport surcharge)
Rs 30,000 for properties above Rs 30 lakh
1% of property value for properties below Rs 30 lakh
Know about: Dombivli east pin code
Check out: Sale flat in Pune
Stamp duty of resale flat in Mumbai 2024
Areas in Mumbai
Stamp duty in Mumbai for men
Stamp duty in Mumbai for women
Registration charges
Within the municipal limits of any urban area
6% of property’s market value
5% of property’s market value
1 % of the property value
Within the limits of any municipal council/ panchayat/ cantonment of any area within MMRDA
4% of property’s market value
3% of property’s market value
1 % of the property value
Within the limits of any gram panchayat
3% of property’s market value
2% of property’s market value
1 % of the property value
Pin code: Bandra pin code
Check out Tamil Nadu stamp duty
Stamp duty Maharashtra 2024 on different conveyance deeds
Conveyance deed
Stamp duty rate
Gift deed stamp duty Mumbai and other parts of Maharashtra
3%
Gift deed stamp duty for residential/agricultural property passed on to family members
Rs 200
Lease deed
0.25% of total rent
Power of attorney
5% for property located in municipal areas, 3% for property located in gram panchayat areas.
See also: Everything about land survey maps online Maharashtra
Stamp duty 2024 in Maharashtra for redeveloped housing projects
Under section 4 (1) of the Maharashtra Stamps Act, Rs 100 will be charged as stamp duty for all Permanent Alternative Accommodation Agreements (PAAAs) of redevelopment projects. Society members have to pay stamp duty as per free area for the additional carpet area they may ask for.
Stamp duty 2024 in Maharashtra for consulates/ embassies
According to the Maharashtra Stamp Act, 1958, there is an exemption on stamp duty for diplomatic missions/consulates/embassies. In such a case, when a property is being bought in Mumbai by embassies, Rs 100 will be paid as stamp duty.
Stamp duty and registration charges for women in Maharashtra: No lock-in rule
The Maharashtra government scrapped the 15-year cap that it has imposed on women home buyers in return for availing 1% rebate on stamp duty. With this amendment, women home buyers can sell properties to male buyers anytime even after availing the 1% rebate on stamp duty for women in Maharashtra. This rebate is only on residential properties and not valid on commercial and industrial properties.
Tax benefits for paying stamp duty in Maharashtra
Under section 80C of the Income Tax Act, one can avail income tax deductions for payments against stamp duty and registration charges and cess charges. However, note that the total IT deduction under Section 80C is not more than Rs 1.5 lakh.
What is the concession on stamp duty charges Maharashtra for investors?
The Maharashtra government has extend the stamp duty waiver period for investors up to three years. Previously, the investors in order to earn benefit of the waiver will sell the properties within one year of buying it. In such deals, the stamp duty is paid only on property’s price difference rather than on the whole amount.
Ready reckoner rate in Maharashtra
Ready reckoner rate is the minimum value that an area commands below which it cannot be sold. Based on this, stamp duty charges in Maharashtra are calculated. It depends on:
Location: For instance, Mumbai is divided into 19 zones that are further classified into 221 sub zones.
Type of property: Commercial property has high ready reckoner rate as compared to residential property. Ready reckoner rate value differs in a residential property too- it’s different for independent house or villa and a flat that are both located in the same area.
Property market value: Ready reckoner rate is based on the market value of the property. Any amenities that are present with the property further impact the ready reckoner rate.
See also: All about land records Karnataka
Ready reckoner rate FY24-25
City
Ready Reckoner rate
Mumbai
2.6 %
Thane
9.48 %
Navi Mumbai
8.90 %
Panvel
9.24%
Vasai
9%
Virar
9%
Pune
6.12%
Pimpri Chinchwad
12.36%
Sholapur
8.08%
Nashik
12.15%
Ahmadnagar
7.72%
Latur
11.93%
Aurangabad
12.38%
Malegaon
13.12%
When should you pay stamp duty Maharashtra?
A homebuyer has to pay stamp duty before execution of the document, the next day, or on the day when the document is executed.
What is the penalty for not paying stamp duty Maharashtra?
If the stamp duty in Maharashtra is not paid on time or insufficiently paid, the buyer has to pay a penalty of 1 % per month on the stamp duty’s deficit charges. It was reduced from 2% to 1% in Maharashtra’s Interim Budget 2024-25 and a bill has been passed to this effect.
How to calculate stamp duty in Maharashtra 2024?
To know approximate the stamp duty to be paid, you can use the stamp duty calculator under stamps section on the IGR Maharashtra website and you will be led to the next page.
See also: Everything about house registration process in Telangana
Choose from the options for which you need to calculate the stamp duty.
For instance, if you want to know stamp duty to be paid in Mumbai on sales deed, then click on sales deed and you will be led to the following page.
Click on municipal corporation, you will be led to
On clicking on Mumbai municipal corporation, you will reach
where you have to enter the consideration value and market value and click on submit and you will get the approximate stamp duty value to be paid.
Example
If the ready recokner rate for the flats in the Bandra is Rs 85,000 per sqft, the minimum value of a 1,000 sqft flat in the Bandra will be around Rs 8,50,00,000. As per Article 25(b)(a) of the Maharashtra Stamp Act, the total stamp duty in Mumbai including local taxes is Rs 42,50,000.
Property registration charges in Maharashtra
The property registration charges in Maharashtra are 1% of the total cost for the properties priced below Rs 30 lakh and capped at Rs 30,000 for properties priced above Rs 30 lakh.
Also read: Stamp duty on property registration in Gujarat
Example
If an apartment in Maharashtra is being sold for Rs 60 lakh, the registration fee will be Rs 30,000 as the land value is above Rs 30 lakh. However, if the value of a property is Rs 20 lakh, the registration charges will be 1% of Rs20 lakh that is Rs 20,000.
How to register your Mhada property?
If you have won a housing unit through Mhada lottery then, once you accept and pay for the property, you need to register it with the Maharashtra state government so that it is present in legal records.
To register Mhada property, log on to https://igrmaharashtra.gov.in/Home
Click on Mhada
You will reach iSarita 2.0 page.
Login as citizen and proceed.
How to register your Cidco property?
If you have won a housing unit through Cidco lottery then, once you accept and pay for the property, you need to register it with the Maharashtra state government so that it is present in legal records.
To register Cidco property, log on to https://igrmaharashtra.gov.in/Home
Click on Cidco
You will reach iSarita 2.0 page.
Login as citizen and proceed.
How to pay stamp duty in Maharashtra 2024 online?
Stamp duty Maharashtra can be paid through e-stamping. Payment can be paid using RTGS or NEFT.
Step 1: Visit the Maharashtra Stamp Duty online payment portal.
Step 2: Click ‘Pay Without Registration’ if you are not registered with the Maharashtra stamp duty portal. If you are a registered user, fill in the login details on the Maharashtra stamp duty portal.
Step 3: If you have selected the ‘Pay Without Registration’ option, you will be redirected to another page on the stamp duty in Maharashtra portal, where you have to choose ‘Citizen’ and select the type of transaction you want to do.
Step 4: Choose ‘Make Payment to Register your Document’. Now, you can opt for paying the stamp duty and registration charges together, or stamp duty only, or registration charges only.
See also: All about Vasai virar property tax
Step 5: Fill in the details as required such as district, sub-registrar’s office, payment details, party details, property details and property value details in the stamp duty and registration charge website.
Step 6: Choose the payment option for stamp duty and registration charges payment and proceed once done, generate the challan from the stamp duty and registration charge website, which has to be presented at the time of execution of the deed
If you are stuck at any step or you want to generate your challan again, you can drop a mail to vtodat.mum-mh@gov.in .
By way of this method, frauds can be mitigated as one can’t upload fake documents.
Learn about: Section 10 10d
What is challan?
A challan is a digital document that mentions the stamp duty that has been paid .You can search a challan on the Mahakosh portal.
How to search challan on Mahakosh portal?
While you can pay the stamp duty and registration charges in Maharashtra 2024 using the Mahakosh portal, you can also use it to search a challan online.
Login to https://gras.mahakosh.gov.in/echallan/ and click on ‘Search Challan’ on the homepage.
A new page will open where you have to enter department, district/ treasury, amount, bank, CIN, GRN, payment gateway captcha and click on search.
Note that challans between April, 1 2008 to March 31, 2017 are archived. You can get the copy of challan by clicking on archived challan tab.
Click on Search Challan for sales tax department if you want challan for the sales tax department.
Enter details like department, MSTD Location, Bank, Amount, GRN, CIN, Captcha and click on Search.
Know about: Penthouses in Pune
List of available banks for E-challan
Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central bank of India
Corporation Bank
City Union Bank
Dena Bank
DCB Bank
Indian Bank
Indian Overseas Bank
IDBI Bank
Oriental Bank of Commerce
Punjab National Bank
Union Bank
Vijaya Bank
UCO Bank
State Bank of India
Syndicate Bank
Click on ‘All Major Banks, Debit Card, Credit Card are Accepted’ on the Mahakosh portal.
See also: All about Satara (Maharashtra)
How to pay stamp duty and registration charges in Maharashtra offline?
Stamp paper: Stamp duty can be paid using Stamp paper where details of the agreement are written on a paper that is signed by the authorised person once checked. After this the stamp paper is registered at the sub-registrar office after a period of four months.
Franking: In this, the stamp duty Maharashtra is paid where in the agreement is printed on a paper that is then submitted to an authorised bank. Once submitted, the documents for stamp duty payment are processed with the help of franking machine.
When can the stamp duty in Maharashtra be refunded?
If the stamp duty paid exceeds the amount that has to be paid, the home buyer can ask for a refund. This refund can be claimed within one year than the previous timeline of 6 months from the day of payment.
The stamp duty paper is not fit for use due to writing mistakes.
The stamp paper is unsigned and complete or partial information is filled but is intended not to be used.
The stamp paper is signed but the transaction is found to be illegal by the party as per Section 31 of Specific Relief Act.
The court finds the transaction to be entirely illegal since the beginning (Void /ab/ initio) as per Section 31 of Specific Relief Act.
The person whose signature is essential refuses to sign or has died before signing.
Any party to the stamp paper document declines signing it.
Any party to the stamp paper document does not comply with the terms and conditions.
The value of the stamp for the document is insufficient and the transaction has been completed by using another stamp paper with the correct value.
The stamp duty paper is spoiled and both parties have executed another stamp paper document for the same purpose.
See also: Importance of AP stamps and registration deed details
How to get refund of stamp duty in Maharashtra?
To initiate stamp duty Maharashtra refund, it is compulsory to enter information through the online system. Once the information is fed online and a token is allotted, you have to submit the application offline. Mentioned below is the procedure in detail.
See also: All about token money, GST and stamp duty refund when a property deal is cancelled
First you have to log on to the website of IGR Maharashtra and select online services. Here, you have to click on the stamp duty Maharashtra refund application link. Alternatively, you can go to https://appl2igr.maharashtra.gov.in/refund/
Here, click on the check box on understanding the terms and conditions and click on New Entry. Enter mobile number, OTP and captcha.
Then, you will get the stamp duty Maharashtra refund token number. Now create password, confirm password, enter captcha and press ‘Submit’.
For a stamp duty Maharashtra refund, firstly one has to enter all their personal details, their bank account number and the reason for the refund. One has to enter all information about the document like if it is executed or not, registered or not etc. in the particulars of the document.
If the document is registered, and you want a stamp duty refund in Maharashtra , you have to enter the document number, date and SRO details. Likewise, cancellation deed if registered, then registration number and SRO details should be entered.
Next you have to enter particulars of the stamp including the type- whether it is e-payment, e-SBTR or franking, name of the stamp vendor along with his address, name and details of purchaser of stamp, value of stamp etc. On entering all stamp related details, an ‘Image Code’ in red will appear. You will have to mention that code in the blank frame and press on the ‘register’ button. Post this, your stamp duty in Mumbai/ stamp duty Maharashtra refund information is submitted and you will see the ‘acknowledgement‘ tab . Enter your stamp duty in Mumbai/ stamp duty Maharashtra refund token number in the application that has to be submitted to the office of collector of stamps for initiation of stamp duty refund Maharashtra.
Stamp duty and registration charges: Notice of intimation charges
Notice of intimation filed
Charges
Online
Rs 1,000 ( whatever the loan amount be)
Offline
Rs 300 ( by going to the SRO office)
Stamp duty and registration charges on past property documents
While the Maharashtra Stamp Act empowers the collector of a district, to call for documents within a period of 10 years from the registration date of such documents, to verify if the appropriate duty has been paid on the deed, the Bombay High Court has held that stamp duty cannot be collected for inadequately stamped past documents, at the time of its subsequent sale.
Moreover, according to stamps and registration charges in Maharashtra, if the historical documents are liable to be stamped, the stamp duty shall be recovered only at the market rate prevalent when the transaction took place. Thus stamp duty and registration charge cannot be applied on a retrospective basis.
Stamp duty and registration charges in Maharashtra: Amnesty scheme
The Maharashtra amnesty scheme got another extension till August 31, 2024. It is not clear yet whether the Maharashtra government has given further extension or not. This is valid on unstamped units including those from Mhada, Cidco, MIDC etc.
Under the Maharashtra government’s Mudrank Shulakh Abhay Yojana , stamp duty and penalty that is imposed due to deferred payment for deeds registered or unregistered between January 1, 1980 and December 2020 will be waived off.
Why is the amnesty scheme important?
Many sale agreements, conveyance deeds and documents are not stamped under the Maharashtra Stamp Act. Insufficient stamp duty is illegal and will be a problem when a buyer wants to sell his property. To legalise one has to pay the deficit stamp duty and penalty, which may be up to 400% of the stamp duty.
Through this amnesty scheme, IGRS Maharashtra will collect revenue on all property documents that are not stamped properly by giving a relief on the penalty amount.
All the documents should be executed on stamp paper that is bought from the authorised IGRS vendors, franking centre. Owners whose property documents are executed on fake papers won’t benefit of the amnesty scheme.
Also read all about IGR Maharashtra document search
Maharashtra stamp duty amnesty scheme: implementation
Phase- 1- December to February 29,2024
Amount of stamp duty to be paid or payable
Reduction in stamp duty to be paid or payable
Reduction in penalty to be charged on whole stamp duty to be paid or payable
For amount of Rs 1 to Rs 1 lakh
100%
100%
For amount exceeding Rs 1 lakh
50%
100%
Phase- 2- February 1 to August 31, 2024
Amount of stamp duty to be paid or payable
Reduction in stamp duty to be paid or payable
Reduction in penalty to be charged on whole stamp duty to be paid or payable
For amount of Rs 1 to Rs 1 lakh
80%
80%
For amount exceeding Rs 1 lakh
40%
70%
See also: Bombay HC rules stamp duty cannot be charged for past transactions
Stamp duty and registration charges in Maharashtra 2024: Adjudication
According to Section 31 of Maharashtra Stamp Act, any person who is party in the instrument can apply to Collector of Stamps along with the instrument for his opinion about Stamp Duty applicable
Click on Adjudication under stamps on the IGRS Maharashtra page. You will reach
Here, enter username, password, captcha and login. If you don’t have username and password, click on Sign up and register first.
After login in, in this, page a person can
Enter the data relating to his application.
Upload the copy of instrument as well as the other proofs.
Know the status of his application.
Know the query / requirement and to comply it.
To get the copies of notices and orders (if any).
Application for Section 10D of Maharashtra Stamp Act
Section 10D of Maharashtra Stamp Act mentions that the notified institutions, bodies etc. ensures the proper stamp duty has been paid on the notified types of documents by e-payment mode. You can access https://appl2igr.maharashtra.gov.in/section10d/LoginPG.aspx
The application helps the notified institutions, bodies
Register and to create login ids for their branches.
Enter data and to stamp duty calculation
Pay the stamp duty online.
Verify and deface online payment.
Upload batch file & do bulk payment
Generate the certificate.
Generate various reports.
See also : Know all about Mahafood ration card Maharashtra
Contact information
Office of the Inspector General of Registration and Controller of Stamps,
Ground Floor,
Opposite Vidhan Bhavan (Council Hall),
New Administrative Building,
Pune 411001, Maharashtra, India
Housing.com POV
Stamp duty and registration charges are to be known by anyone who is looking at buying a property in Maharashtra. These charges are over and above the cost of the property and thus these have an impact on the budget that you set aside for your property purchase. It is a good idea to know of the various options you can avail of such as buying a property in your wife’s name if buying in Maharashtra, as in this state the stamp duty for women is 1% less than that of men. However, this is not applicable in case of joint registration.
FAQs
When should the stamp duty on gift deed in Maharashtra be stamped?
According to the Maharashtra Stamp Act, all instruments should be stamped before or at the time of execution, or on the next working day following the date of execution. However, if the deed is executed out of the territory, it can be stamped within three months after it is first received in India.
Whose name should be on the stamp duty Maharashtra papers?
The stamp duty Maharashtra papers must be in the name of one of the parties to the transaction and not in the name of the chartered accountant or lawyer of the parties. Also, the date of issue of the stamp paper in Maharashtra for stamp duty must not be more than six months older than the date of the transaction.
How can stamp duty be paid?
Maharashtra stamp duty can be paid by way of adhesive or impressed stamps on the deed. Additionally, the adhesive stamps used on the deed is cancelled at the time of execution so that it is not available for reuse.
What is stamp duty Maharashtra based on- ready reckoner rate or consideration value of property?
For property sale documents, Stamp Duty Maharashtra is payable on whichever is higher- the consideration value of the property that is mentioned in the document or the ready reckoner rates /circle rates that are decided by the government.
Will stamp duty be reduced in 2024 in Maharashtra for developers of integrated townships?
Currently no such announcement has been made by the Maharashtra government. A 50% stamp duty concession for developers of integrated township projects in Thane, Navi Mumbai and Pune was announced by the Maharashtra government in 2023. However, this won’t be applicable to projects in Mumbai and Lonavala.
How can I lower stamp duty in India?
You can register the property in a women’s name, register under-construction property at lower undivided share and avail of tax benefits on stamp duty.
How can I get stamp duty refund stamp in Maharashtra?
The application of refund of stamp duty can be made within two years from the date of cancellation of the sale deed.
How to initiate stamp duty refund?
To initiate stamp duty refund in Maharashtra, you have to enter the information online and get a token. With this token, you have to submit the stamp duty refund form offline.
Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com