stamp duty on assignment deed in maharashtra

1% of property value for properties below Rs 30 lakh

1% of property value for properties below Rs 30 lakh

1% of property value for properties below Rs 30 lakh

1% of property value for properties below Rs 30 lakh

3% of property’s market value

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?

• 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

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 has got another extension with the scheme now till August 31, 2024.
• 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? 

• It is necessary because there are many sale agreements, conveyance deeds and documents that are not stamped under the Maharashtra Stamp Act. Insufficient stamp duty on stamp duty doesn’t legalise the property documents. To legalise one has to pay the deficit stamp duty and penalty, which may burden the people as this may even 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. In case the property documents are executed on fake papers, f the documents are executed on bogus stamp papers, such owners won’t benefit of the amnesty scheme.

Also read all about IGR Maharashtra document search

Maharashtra stamp duty amnesty scheme: implementation

See also: Bombay HC rules stamp duty cannot be charged for past tran sactions

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.

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.

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With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling. Email: [email protected]

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I. Applicability

The Maharashtra Stamp Act, 1958 applies to the entire State of Maharashtra. Only the instruments specified in the Schedule I to the Act are covered by this Act. All other instruments are either chargeable under the Indian Stamp Act (e.g., transfer of shares) or are not chargeable at all (i.e., if they are not specified under the Act as well as under the Indian Stamp Act).

II. Charge of Stamp Duty

2.1 It is very important to note that stamp duty is on an instrument and not on a transaction.

2.2 S. 3 of the Act levies stamp duty at the rate provided in Schedule I on any instrument executed in the State. Even instruments executed outside the State are liable to duty only on their receipt in the State, provided it relates to a property situated in the State or a matter or thing to be done in the State.

2.3 An instrument covering or relating to several distinct matters is chargeable with the aggregate amount of duty with which each separate instrument would have been chargeable.

2.4 In case an instrument is so drafted that it is covered within the ambit of more than one Article under Schedule I, then it shall be taxed by that Article which levies the highest amount of stamp duty.

2.5 The term “Instrument” has been defined to include every document by which any right or liability is or purports to be created, transferred, limited, extended, extinguished or recorded.

However, it does not include a bill of exchange, cheque, promissory note, bill of lading, letter of credit, policy of insurance, transfer of share, debenture, proxy and receipt. Some instruments narrated are governed by Indian Stamp Act, 1999.

III. Certain Definitions

3.1 “Conveyance” has been defined to include:

• A conveyance on sale,
• Every instrument,
• Every decree or final order of any Civil Court,
• Every order made by the High Court u/s. 394 of the Companies Act, 1956 in respect of amalgamation of companies; by which property, whether movable or immovable or any estate or interest in any property is transferred to, or vested in any other person inter vivos and which is not otherwise specifically provided for by  Schedule I.

The Explanation to the definition provides that any instrument by which one co-owner transfers his property to another co-owner would be deemed to be a conveyance provided that it is not an instrument of partition.

3.2 “Instrument of gift” has been defined to include, in case of an oral gift any instrument recording its making or acceptance, whether by way of declaration or otherwise.

3.3 “Instrument of partition” means any instrument whereby co-owners of any property divide or agree to divide such property and includes:

• Any final order for effecting a partition passed by any revenue authority or any civil court,
• An award by an arbitration directing a partition, and
• When any partition is effected without executing any such instrument, any instrument or instruments signed by the co-owners and recording, whether by way of declaration of such partition or otherwise, the terms of such partition amongst the co-owners.

The expression ‘co-owners’ includes all kinds of co-ownership such as joint tenancy, tenancy in common, coparcenary, membership of HUF, etc. and the partnership.

3.4 “Immovable Property” includes land, benefits to arise out of land and things attached to the earth or permanently fastened to anything attached to the earth. The two leading decisions on this definition are those of the Supreme Court in the case of Sirpur Paper Mills (1998) 1 SCC 400 and the case of Duncan’s Industries (2000) 1 SCC 633.

IV. Payment of Stamp Duty

4.1 Section 17 of the Act provides that all instruments chargeable with duty and executed in Maharashtra should be stamped before or at the time of execution or immediately thereafter or on the next working day following the date of execution.

4.2 Instrument executed only out of Maharashtra may be stamped within three months after it is first received in State.

4.3 Duty can be paid by way of adhesive or impressed stamps on the instruments. Adhesive Stamps affixed should be cancelled at the time of execution so that they are not available for reuse. Now franking of stamp duty is not permitted.

4.4 Further, S.14 prohibits writing of a second instrument chargeable with duty on a stamp paper on which an instrument chargeable with duty has already been written.

4.5 The stamp papers must be in the name of one of the parties to the transaction. They cannot be in the name of the relative, Chartered Accountant or Lawyer of the parties.

4.6 The date of issue of the stamp paper must not be more than 6 months older than the date of the transaction.

4.7 Who bears and pays the stamp duty is a matter of agreement between the parties. In the absence of any such agreement, the Act provides that in the case of a Conveyance, duty is to be paid by a buyer and by the lessee in case of a lease. In cases of Bonds, Release, Settlement, it is to be paid by the person making or drawing the instrument. In case of exchange, it is to be paid by the parties in equal shares and in case of partition, by the parties in proportion to their respective shares. In all other cases, it is to be paid by the person executing the instrument.

4.8 Stamp duty is payable at rates mentioned in Schedule I. Depending upon the Instrument, it may be based upon the market value, area, or various other criteria. In case of instruments which are based upon market value of the property, the term in relation to any property which is the subject matter of an instrument, means the price which such property would have fetched if sold in open market on date of execution of such instrument or consideration stated in the instrument whichever is higher. The stamp office determines the market value of the property by referring to an Annual Statement of Rates (commonly known as Stamp Duty Ready Reckoner) which gave the Market Values of various immovable properties in Mumbai. The Reckoner divides the immovable property into various categories such as developed land, undeveloped land, residential units, industrial units/office, shops, etc., and fixes their market value accordingly.

4.9 Any person can apply to the Collector of Stamps for adjudication of the stamp duty payable on the instrument who shall determine the duty, if any with which the instrument shall be chargeable. It may be noted that now adjudication is compulsory in all cases where an instrument requires registration as the Registrar of Sub-Assurance insists upon the same. The instrument should be brought to the Collector within 1 month of execution of such instrument in the State and within 3 months from date of receipt of such instrument in the State. When Registrar of sub-registrar Assurance determine proper value, there is no need for adjudication.

V. Under stamped Document

5.1 Under S. 34 of the Act, any instrument which is inadequately/not stamped, then it shall be inadmissible in evidence for any purpose, e.g., in a Civil Court. Such instruments can be admissible in evidence on payment of the requisite amount of duty and a penalty @ 2% per month on the deficient amount of duty calculated from the date of execution. However, the maximum penalty cannot exceed four times the amount of duty involved.

5.2 Further, any public officer can impound such improperly stamped instruments if it comes to his notice. Such impounded instruments must be sent to the Collector who would then determine the amount of duty and penalty, if any, payable on the same. Any party to an instrument can also  suo motu  submit an instrument for adjudication by the Collector u/s. 31.

There is separate set of procedure for a jurisdiction.

5.3 A person can be punished with rigorous imprisonment for up to 6 months (not less than 1 month) and with fine up to ₹ 5,000, if it is proved that the instrument was undervalued or short payment of duty was made with intention to evade duty.

SCHEDULE I RATES (IMPORTANT ARTICLES)

Maharashtra [as updated by maharashtra stamp (second amendment) act, 2017].

SOME IMPORTANT INSTRUMENTS UNDER INDIAN STAMP ACT

AD VALOREM COURT FEES PAYABLE UNDER THE BOMBAY COURT FEES ACT, 1959

[As amended by Maharashtra Court-fees

(Amendment) Act, 2017]

(Wherever Applicable)

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Amendments to Maharashtra Stamp Act

On 9 February 2021 the Maharashtra governor promulgated the Maharashtra Stamp (Amendment and Validation) Ordinance 2021 with immediate effect. The ordinance introduced two key amendments to the Maharashtra Stamp Act 1958 concerning:

• the stamping of documents that encompass multiple transactions; and
• the creation of a mortgage by deposit of title deeds; and
• mortgage deeds.

On 9 December 2020 the Maharashtra Cabinet discussed and approved these amendments.

Stamping of instruments relating to several distinct matters or transactions

Section 5 of the Maharashtra Stamp Act, which deals with the stamping of various instruments that relate to several distinct matters, has been amended retrospectively with effect from 11 August 2015. The section now includes instruments that relate to not only distinct matters but also distinct transactions.

The Maharashtra Stamp (Amendment and Validation) Ordinance aligns with the interpretation adopted by the Supreme Court in Chief Controlling Revenue Authority v Coastal Gujarat Power Ltd . In this case, the court held that a single mortgage deed which had been executed in favour of a security trustee for the benefit of 13 lenders had to be construed as 13 distinct transactions and stamped accordingly for each transaction.

In Navi Mumbai SEZ v State of Maharashtra , it was contended on similar facts that the wording of the Gujarat Stamp Act 1958 and the Maharashtra Stamp Act was different – the term 'distinct transactions' was not used in the Maharashtra Stamp Act. Relying on past precedents, the Bombay High Court held that the phrase 'distinct matters', which appears in Section 5 of the Maharashtra Stamp Act, is equivalent to the phrase 'distinct transactions'. Therefore, stamp duty should be levied in accordance with the principles set out in Coastal Gujarat Power .

The Maharashtra Stamp (Amendment and Validation) Ordinance has clarified the courts' stance that instruments which cover two or more distinct transactions – that cannot blend into one and be construed as part of a single transaction – must be stamped individually. Since the amendment to Section 5 of the Maharashtra Stamp Act is retrospective, parties must ensure that any such instruments executed after 11 August 2015 are adequately stamped.

Changes in stamp duty rates

The Maharashtra Stamp (Amendment and Validation) Ordinance amends and makes uniform the rates applicable to agreements that relate to the deposit of:

• title deeds, pawns, pledges or hypothecation (Article 6 of Schedule I of the Maharashtra Stamp Act); and
• mortgage deeds (Article 40 of Schedule I of the Maharashtra Stamp Act).

These changes seek to remedy the increase in stamp duty evasion resulting from the differences between the stamp duty rates of these instruments. These changes are prospective in nature, unlike the retrospective amendment to Section 5.

The following table shows the Maharashtra Stamp (Amendment and Validation) Ordinance amendments to stamp duty rates.

It was inevitable that changes would be introduced to stamp acts across the country to align them with the court's view in Coastal Gujarat Power . Market practice in financial transactions generally took this view into account anyway: stamp duty calculations are usually based on the number of lenders or banks that are involved in the security documentation.

It remains to be seen whether the amendment will enable the Revenue Department to apply this view in other cases. For example, in addition to stamp duty being payable based on the number of lenders in cases where there are multiple lenders, it could be argued that additional stamp duty is payable on security documents if there are:

• multiple borrowers or security providers;
• multiple facilities or debts being secured; or
• multiple properties over which a party seeks to create a security.

The Maharashtra Stamp (Amendment and Validation) Ordinance has also given legislative effect to the position taken by the Bombay High Court in Navi Mumbai SEZ , and in cases where instruments are stamped in Maharashtra, parties may not disregard the court's view in Coastal Gujarat Power due to the absence of the words 'distinct transactions' in the Maharashtra Stamp Act.

Moreover, since the amendment to Section 5 of the Maharashtra Stamp Act is applicable retrospectively, parties may need to re-examine documents that have been executed for transactions since 11 August 2015 to determine whether they have followed the court's decision in Coastal Gujarat Power . If not, this may result in issues arising during the audit process and documents may require impounding or adjudication pursuant to the provisions of the Maharashtra Stamp Act.

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Government of Maharashtra passes the Maharashtra Stamp (Amendment) Act, 2021

01st Feb, 2022

• Real Estate

On January 20, 2022, the Maharashtra Government passed the Maharashtra Stamp (Amendment) Act, 2021 (“ 2021 Act ”) to amend the Maharashtra Stamp Act, 1958 (“ Act ”). By way of the 2021 Act, following key changes have been introduced in Schedule I to the Act:

Please find a copy of the 2021 Act, here .

This update has been contributed by  Nidhi Arya (Partner) and Vansh Aggarwal (Associate).

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Home » Blog » All-About Maharashtra Stamp Duty Amnesty Scheme – Benefits | Processes | Practical Insights

All-About Maharashtra Stamp Duty Amnesty Scheme – Benefits | Processes | Practical Insights

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• Last Updated on 7 March, 2024

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Table of Contents

• What is Stamp Duty?
• Why to pay Stamp Duty?
• When to pay Stamp Duty?
• Instruments on which stamp duty applicable
• Significance of year: 1958 – 1980 – 1985
• Stamp Duty on Gift deed
• Stamp Duty Amnesty Scheme 2023 – 2024

1. What is Stamp Duty?

• It is a tax payable to the STATE GOVERNMENT
• Payable under Section 3 of The Maharashtra Stamp Act, 1958
• Payable on Instruments given under Schedule-I of the Act
• Only on proper payment of stamp duty is an instrument admissible as evidence in Court
• Stamp duty to be paid in Full and On Time
• Delay of payment of stamp duty attracts Penalty

2. Why to pay Stamp Duty?

• It is to be paid as LAW exists
• To ensure Legal Validity of Document
• As per Sec 34 , Instrument not duly stamped is inadmissible as evidence
• If not paid, under sec 34 Penalty of 2% per month from date of signing till deficient stamp duty is paid
• Penalty up to 400% i.e. 4 times

If penalty is not paid, then?

• Confiscation
• Land Seizure
• Under Sec 59(1) of Maharashtra Stamp Act, 1958 Imprisonment for a term NOT LESS THAN 1 month which may extend to 6 months

3. When to pay Stamp Duty?

Stamp duty payable:

• Before execution of document
• On day of execution of document
• On next working day of execution of document

4. Instruments on which stamp duty is applicable

All Instruments provided in Schedule I of Maharashtra Stamp Act, 1958.

Total 63 different types of instruments are covered in the schedule

5. Significance of year: 1958 – 1980 – 1985

11th June, 1958:

• Bombay Stamp Act, 1958 came into effect which was later changed to Maharashtra Stamp Act, 1958 in the year 2015.

4th July, 1980:

• Market value concept was introduced.
• Stamp duty payable on market value or agreement value whichever is higher.
• Earlier stamp duty payable on agreement value only.

10th December, 1985:

• Stamp duty payable compulsory on Agreement for sale
• Before that only Rs. 5 required and stamp duty payment required during agreement for sale

Eg: Building constructed in 1983 having 100 members and conveyance of building to society done in 2023

80 members bought flat in 1983: In 1983 – Had to pay Rs.5 as stamp duty applicable. In 2023 – Have to pay stamp duty as applicable

20 members bought flat in 1987: In 1987 – Had to pay stamp duty rate applicable. In 2023 – Have to pay Rs.100 only for deemed conveyance.

6. Stamp Duty on Gift deed

NOTE: 1% metro cess charged additional applicable since 8-2-2019

7. Stamp Duty Amnesty Scheme 2023 – 2024

7.1 what is the meaning of amnesty.

• Forgiveness

Revenue and Forest department of Maharashtra has introduced Amnesty scheme to  reduce stamp duty and penalties on specified instruments Previous scheme was launched in 2019

7.2 When was the scheme launched?

Stamp Duty Amnesty Scheme 2023 was introduced and declared by the Govt. of Maharashtra on 7th December, 2023 via Govt order: Mudrank-2023/C.R.No.342/M-1(Policy)

7.3 Time period for availing benefits

Scheme was launched in Two Phases for agreements between 1st January 1980 – 31st December 2020

• PHASE 1:  From 1st December 2023 to 31st January 2024 – 29th February, 2024
• PHASE 2: From 1st February 2024 to 31st March 2024 – 1st March, 2024

Extended on 31st Jan, 2024 by Deputy Secretary – Shri Satyanarayan Bajaj

7.4 Instruments covered under this scheme

• Instrument related to Conveyance
• Agreement to sale
• Sale Certificate
• Agreement related to deposit of:
• Title deeds
• Hypothecation

For Residential/Non–Residential/Industrial use

• Agreement or Memorandum of agreement relating to transfer of immovable property for purpose of residential use
• Conveyance of allotment of residential/non-residential units from MHADA, CIDCO and SRA to slum dweller for purpose of rehabilitation under scheme
• Conveyance of allotment of residential/non-residential units or houses in registered Co-op Housing Societies or any apartment whose Deemed Conveyance is pending
• Any type of Development Agreement
• Agreement to sell
• Instrument of transaction of Assignment of developer rights

Related to redevelopment of any dilapidated old buildings or immovable property whose redevelopment is necessary

Any type of document related to:

• Amalgamation
• Arrangement
• Reconstruction of companies

Any type of instrument executed by:

• MHADA and its divisional board
• Municipal Corporation
• Municipal Council
• Nagar Panchayat
• Planning authorities like MIDC, SRA, etc.

First Allotment Letter or Share Certificate issued related to residential/non-residential units by Regd. Coop. Society on Government Land or by:

• Municipal Corporation, Council or Nagar Panchayat
• Approved planning authorities like MIDC, SRA, etc.

7.5 Benefits of the Scheme

If Instrument between 1st Jan 1980 – 31st Dec 2000 (Schedule – I) Phase I: From 1st December, 2023 to 29th February, 2024

If Instrument between 1st Jan 1980 – 31st Dec 2000 (Schedule – I) Phase II: From 1st March, 2024 to 31st March, 2024

If Instrument between 1st Jan 2001 – 31st Dec 2020 (Schedule – II) Phase I: From 1st December, 2023 to 29th February, 2024

If Instrument between 1st Jan 2001 – 31st Dec 2020 (Schedule – II) Phase II: From 1st March, 2024 to 31st March, 2024

7.6 General FAQs

Faq 1. what documents need to be submitted along with application for availing amnesty scheme.

• Original Instrument on which some amount of stamp duty paid or specified allotment letter issued by authorities or CHS on Government land
• Copy of Society Registration Certificate
• Copy of BMC Assessment bill
• Copy of IOD/CC/OC of building
• Copy of Property Card
• Copy of Share Certificate (front & back)
• Copy of Aadhar Card & Pan Card along with 2 recent passport size photographs
• Letter from society about details of flat/apartment
• Authority Letter
• Proof of having possession, like:
• Electricity bill
• Entry in Form A during society formation
• Telephone bill
• Election Card
• Bank Passbook

FAQ 2. My agreement is on a piece of paper (without stamp paper), can I avail the benefit?

• NOT ELIGIBLE for Amnesty Scheme
• Any amount of stamp paper should be present

FAQ 3. If stamp duty and penalty paid before the Scheme was announced, can I claim refund?

NO REFUND shall be granted

FAQ 4. How to apply for Scheme and within how many days to do the payment?

• Application to be made through Online mode through https://igrmaharashtra.gov.in website
• Within 7 days of receipt of demand notice from Registrar, payment has to be made

FAQ 5. How to tell if stamp paper is real or fake?

We have to submit application to proper authority to verify the stamp paper along with the Original Copy of the instrument requesting to verify the stamp. The appropriate authority  issues a certificate as the case may be.

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

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Maharashtra Stamp Act: Understanding Its Impact and Changes

Updated : May 1, 2024

At any point, if any movable or immovable resource/asset changes ownership, to get it stamped or legalized - a specific amount of tax has to be paid to the state government, which is known as stamp duty. The Maharashtra Stamp Act states such resources and assets on which the stamp obligation must be paid to the state government. The Act additionally specifies the measure of the amount that is to be paid to the state authorities.

The Bombay Stamp Act: A Cornerstone of Revenue Collection in Maharashtra

The Bombay Stamp Act, enacted in 1958, is a pivotal legal framework that governs the collection of stamp duties on document-based transactions within Maharashtra. Originally applied to the greater Bombay region, this act became an integral part of Maharashtra's legislative environment following the state's formation in 1960.

This Act mandates the payment of stamp duty, which is essentially a form of tax, on various documents including transfer deeds, agreements, certificates, bonds, and leases. The primary purpose of this duty is to confer legal authenticity to these documents while generating revenue for state administrative functions.

Over the years, the Bombay Stamp Act has been amended multiple times to respond to the dynamic economic conditions and real estate market of Maharashtra. These amendments ensure that the stamp duty rates are adjusted and practices streamlined to enhance compliance and minimise evasion.

The implementation of this Act is crucial for the state as it not only secures revenue but also supports the maintenance of a robust legal documentation system, which is fundamental to the functioning of both governmental and private sector transactions.

What is the Maharashtra Stamp Act?

The Bombay Stamp Act 1958 now known as the Maharashtra Stamp Act 1958, applies to every one of the agencies that are referenced in Maharashtra Stamp Act Schedule 1, on which the stamp duty is payable to the state. There was an amendment in the Maharashtra Stamp Act recently and the changes are inclusive to the modification of stamp duty on the agreement in Maharashtra on gift deeds, incorporation of electronic payment of stamp duty, an update on penalty clauses, and an increment on the amount of stamp duty under certain instruments provisions.

As of January 25, 2024, there are notable updates regarding the Maharashtra Stamp Act. Firstly, the 1% stamp duty concession for women purchasing residential property continues. This reduction applies to the standard rates, which vary between 2% to 5%, and the previous 15-year lock-in period for beneficiaries was abolished as of May 31, 2023.

Additionally, the Maharashtra government introduced the 'Abhay Yojana' amnesty scheme in December 2023. This scheme, in its second phase until March 31, 2024, allows the regularisation of inadequately stamped documents with reduced penalties. Benefits include a complete waiver of stamp duty and penalties for amounts under Rs. 1 lakh and a 50% waiver on stamp duty with full penalty exemption for amounts over Rs. 1 lakh.

Importantly, the stamp duty rates for the fiscal year 2023-24 remain unchanged from the previous year.

Latest Maharashtra Stamp Act

The Maharashtra Stamp Act latest involves several important changes and continuations of previous policies as of 2024:

• Stamp Duty Concession for Women: Maharashtra continues to offer a 1% stamp duty concession for women purchasing residential property. This initiative aims to encourage property ownership among women. The earlier 15-year lock-in period that restricted the resale of these properties to men has been abolished as of May 31, 2023 (Housing) .
• Stamp Duty Rates: Standard stamp duty rates have been restored to 5% in Mumbai after a temporary reduction during the pandemic. These rates apply from April 2021 onwards, with specific concessions for certain types of properties and transactions .
• Amnesty Scheme: The Maharashtra government has extended the Stamp Duty Amnesty Scheme until June 30, 2024. This scheme provides relief for properties that had incomplete or missing stamp duty payments dating back to 1980. The extension allows property owners to regularise documents with waived penalties under specified conditions .

Maharashtra Stamp Act 2015

On 24 April 2015, the original Maharashtra Stamp Act 1958 received the affirmation for it to be called the Maharashtra Stamp Act 2015. There were a few changes made to the Act – the stamp duty rate of certain instruments under Schedule 1 was increased. Therefore, the Maharashtra Stamp Amendment Act 2015 first came into order.

How is Stamp Duty Payable?

• Stamp Duty can be paid by:
• Using Stamp Paper
• Using Adhesive Stamps
• Online Challan

Stamp Duty Rates in Maharashtra

There are various factors that decide the stamp rate duty on property in the state of Maharashtra (or any state). Naming a few of these factors - the locality of the property - urban or rural, the total cost of the transaction, etc. The Maharashtra stamp duty Act 2020, reduced the stamp duty on properties for the next two years. This is only applicable in the areas falling under the Mumbai Metropolitan Region Development Authority (MMRDA) and municipal corporations of Pune, Pimpri-Chinchwad, and Nagpur. This means that stamp duty on properties in Mumbai, Pune, and Nagpur, was charged at 5% (4% stamp duty + 1% metro cess).

Stamp Duty on Hypothecation Agreement in Maharashtra

Stamp Duty on hypothecation agreements in Maharashtra on instruments, pledges and mortgages on home loans in the province of Maharashtra was capped. As per the latest Maharashtra stamp act, the stamp obligation on such instruments is currently covered at a greater stamp duty of Rs. 10,00,000). This revision has been presented with impact from 1 July 2014.

Stamp Duty Charges in Maharashtra on Conveyance Deed

According to the amendments made to the Maharashtra Stamp Act 2015, Article 34 states that 3% of the property’s value is the stamp duty on conveyance deeds (gift deeds). However, if a property – Residential or Agricultural, is gifted without the family having to pay any sum of money, then the stamp duty rate is Rs. 200 as per article 34 of the Maharashtra stamp act.

Stamp Duty on Indemnity Bond in Maharashtra

According to Article 35 of Schedule 1 of the Maharashtra Stamp Act 1958, and then the Maharashtra Stamp (Amendment) Act 2015 - the price of the stamp duty on indemnity bonds in Maharashtra is Rs 500.

Stamp Duty on Guarantee Agreement in Maharashtra

According to Article 5(h) (A)(iv), the stamp duty on bank guarantee agreements in Maharashtra is –

(i) If the loan amount is less than Rupees Ten Lakh - 0.1% of the amount stipulated in the contract, with a minimum of rupees 100.

(ii) If the amount exceeds Rupees Ten Lakh, the stamp duty on the personal guarantee in Maharashtra – 0.2% of the amount agreed in the contract.

Maharashtra Stamp Duty Impact on Property Registration

Property registrations saw a dip of 50% in the month of April as compared to that of the month of March after the Maharashtra government restored the stamp duty rate of 5% from 1 April 2021. According to the state government’s data, before the sanctions were to be lifted – in the month of March, Maharashtra (excluding) Mumbai saw a record-breaking spike of 2.13 lakh registrations. While only 90,500 registrations were made till 29 April. Maharashtra stamp duty had a huge impact on property registrations.

Official announcement of the cut of stamp duty on loan agreements in Maharashtra had seen a boost in property sales, especially in Mumbai (Bombay, as we know, is one of the most expensive cities in India). There were many Bollywood A-listers such as Hrithik Roshan and Jahnvi Kapoor who were seen buying properties. Between September 1 and October 17, 2020, luxurious properties were registered across 25 registration offices in Mumbai that were collectively worth 2200 crores.

Recent Judgements on Maharashtra Stamp Duty

The Bombay High Court in a recent judgement directed the Government of Maharashtra to reimburse excess stamp duty, within about a month from the date of the receipt of the application. If the authorities fail to do so, they are applicable to pay interest at the rate of 12% p.a. The above order was applicable even on the stamp duty on education loan in Maharashtra. 

In a landmark ruling, the High Court decided in favour of Macrotech Developers Ltd and Palava Dwellers regarding their land purchase under 'Integrated Township Projects' in Kalyan and Bhiwandi. These projects qualified for a 50% reduction in stamp duty. The state initially rejected the combining of this discount with another waiver on stamp duty for conveyance agreements, but the High Court ruled that both concessions are applicable concurrently. Consequently, the state was ordered to refund any excess stamp duty paid within a specified timeframe.

Maharashtra Stamp Duty Act has seen various amendments through time. Legal matters may seem hard to keep up with and a little hard to understand, but don’t let that stop you. We at NoBroker are here to help you. Click on the link below and we will assist you on legal matters. If you have any queries, leave them below and our experts will get back to you.

Frequently Asked Questions

Ans: No, the rate of stamp duty is not the same across the whole state of Maharashtra. The price depends on the location of the property. The rates are mentioned in the above article.

Ans: Yes, you can pay it online. Visit their site - https://gras.mahakosh.gov.in/echallan/

Ans: The price for the stamp duty is Rs 500, which is also payable online.

Ans: Yes, they are. Earlier the Maharashtra Stamp Act was referred to as the Bombay Stamp Act.

Ans: Ready reckoner state or the market value is how the rate of the stamp duty is calculated.

Ans: The Maharashtra Stamp Act Bare Act is the fundamental legal document outlining the rules and regulations for stamp duty and taxation on property transactions in Maharashtra.

Ans: No simple receipt may be considered genuine unless it is altered within six months of the date of stamp purchase by the registration officer or another officer with the necessary authority.

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Kruthi is a Chartered Accountant has worked for various Real Estate firms across India, she is well versed with the legal and financial aspects of all real estate transactions. There are numerous documents and plenty of hidden fees that people get lost in, her goal is to shed some light on it all.

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Maharashtra Stamp (Amendment) Act, 2021

Contributor.

Last year in February of 2021, vide the Maharashtra Stamp (Amendment and Validation) Ordinance, 2021 (Mah. Ord. I of 2021) (" Ordinance "), the stamp duty chargeable on instruments of mortgage by deposit of title deeds and simple mortgage deed under Articles 6 and 40 of Schedule I of the Maharashtra Stamp Act 1958 (" the said Act ") respectively were made uniform and brought on par. The rate of stamp duty payable on an instrument of mortgage by deposit of title deeds was increased from 0.2% to 0.3% of the secured amounts and the rate of stamp duty on an instrument of a simple mortgage was decreased from 0.5% to 0.3% of the secured amounts.

It appears that the main reason behind the Ordinance was the inherent realisation on the part of the legislative authorities that due to the difference in stamp duty for instruments of mortgage, more often than not the documents were drafted in such a way that even though the nomenclature of the document indicated a mortgage by deposit of title deed, it in fact attempted to cover within its ambit the properties of a deed of simple mortgage. Due to the ambiguous nature of such documents created solely with the intention of stamp duty evasion, the same created difficulties in adjudication of amount of proper stamp duty chargeable for them under the said Act. Another common practice adopted by most lenders and borrowers was to execute the said documents outside Maharashtra in states such as Delhi, Gujarat etc., to avail the benefit of low stamp duty rates prevailing in these states.

Additionally, to align with the judgement of the Hon'ble Supreme Court in the case of Chief Controller Revenue Authority, Gujarat Vs. Coastal Gujarat Power Limited (Civil Appeal No. 6054 of 2015) (" Coastal Judgment "), Section 5 of the said Act was also amended under the same Ordinance to levy stamp duty in respect of any instrument comprising or relating to several distinct transactions along with distinct matters .

The Ordinance effectively removed any doubts with respect to the applicability of Coastal Judgment in Maharashtra. This essentially means that as was the case in Coastal Judgment, a common security/charge creation instrument (whether mortgage / pledge / hypothecation, or otherwise) for securing multiple loans availed from multiple lenders (also commonly known as consortium transactions/deals) will be treated as distinct transactions in Maharashtra. Accordingly, such instrument will attract stamp duty for each such transaction, by considering each transaction as an independent one.

It is to be noted that Section 5 and relevant article under the said Act for loan transactions had no cap on the stamp duty payable which made consortium lending / mortgage agreements highly unfeasible for the banking community. This also increased the cost of borrowing and strained the already ailing cash-strapped financial markets.

Further, while changes were made in the stamp duty rates in Articles 6 and 40 of Schedule I of the said Act for instruments of mortgage by deposit of title deeds and simple mortgage deed, the maximum stamp duty amounts payable remained unchanged. Further, considering that the stamp duty under Article 40 for mortgage deed was reduced by 0.2%, the state coffers would have suffered some losses for sure.

In a span of little less than a year from the Ordinance, the government probably realised the aforementioned issues and therefore on 23 rd December 2021, a bill for further amendment of Maharashtra Stamp Act 1958 was introduced in the Maharashtra's legislative assembly. Recently, on 20 th January 2022, the said bill received the Governor's assent by virtue of which the Maharashtra Stamp (Amendment) Act, 2021 (Mah Act No. VII of 2022) (" Amendment ") is now in force.

The Amendment has raised the existing capped amount of Rs. 10 Lakhs to Rs. 20 Lakhs under Articles 6 and 40 of Schedule I of the said Act for instruments of mortgage by deposit of title deeds and instrument of simple mortgage, in an attempt to make up for the deficit on account of reduced stamp duty rates.

Further, to strike a balance between state revenue and providing a conducive commercial environment for conduct of business, the Amendment has inserted a new proviso whereby an upper limit of Rs. 50 Lakhs is applicable under Articles 6 and 40 for mortgage agreements in a consortium lending transaction.

The Amendment makes certain other consequential changes in the said Act as well such as in Article 33 (further charge on mortgage property), Article 41 (mortgage of crop) and Article 54 (security bond or mortgage deed) of Schedule I of the said Act to harmonise the stamp duty rates in respect of mortgage in Maharashtra.

The Amendment is not a major game changer but definitely comes as a sigh of relief for the banking sector and other stakeholders who may be involved in consortium deals in Maharashtra. Further, the government too stands to benefit or at least make up for loss of potential revenue. The Amendment is an earnest balancing effort by the legislative authorities seeking to achieve desirable results for both sides of the coin.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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Maharashtra Stamp Act: An Overview On Stamp Duty And Registration Charges

Prahalad singh, maharashtra stamp act introduction.

In India, the Indian Stamp Act, 1899 (ISA) is a central legislation, while states have their own local stamp act to administer with issues rising within that particular state. The Bombay Stamp Act, 1958 which came into force on 16 February 1969 (BSA), is a law for stamp duty within the state of Maharashtra. The Constitution of India permits both the Parliament and the State Legislature to make provisions and legislation for stamp duty within its limits. Accordingly, certain documents specified in the ISA are included. Under the BSA, an instrument is defined to include every document by which any right or obligation is, or is made, transferred, limited, extended, extinguished or recorded while a bill of exchange, checks, promissory notes, etc. is not included. These documents are excluded, as governed under the aforesaid ISA.

What is Maharashtra Stamp Act?

In Maharashtra, stamp papers could be purchased before 1 May 1994 in the names of advocates or by any other name. However, the stamp paper is to be purchased in the name of one of the parties thereafter. In addition, the validity of the stamp paper is restricted for a period of 6 months and if stamp paper is used thereafter, it is assumed that the document is executed on ordinary paper without a stamp.

If an instrument falls into Schedule I of the Bombay Stamp Act (BSA) with several duties rates, the instrument is chargeable with the highest of the prescribed fees. Apart from this, the BSA also prescribes a methodology for adjournment (proper assessment), the refund of duties, grievance procedures and defects, etc. The Collector is usually authorized or vested with the power to authorize. If a document is not stamped or appropriately stamped, it is likely to be affixed.

The Act was recently amended and amendments include revision of stamp duty on gift deeds, e-payment of stamp duty, amendment of penalty sections, and increase in stamp duty under certain instrument clauses.

What Is Stamp Duty?

Stamp duty is a type of tax, such as sales/income tax, etc. and its basic purpose is to raise revenue for the government. Thus, like any other tax, the stamp duty will have to be paid to the government in full and on time, with a delay with penalties. In general, stamp duty is levied on an instrument (and not on a transaction); stamp duty is payable on the property (whether immovable/movable or tangible/intangible) either on a fixed basis or on the basis of the consideration mentioned in the instrument as the case may be. In the case of immovable property, there is an additional theory of valuation of the property, which is also taken into account while deciding the stamp duty payable.

How Is Stamp Duty Calculated?

The stamp duty is calculated based on the ready reckoner rates and the property value mentioned in the buyer-seller agreement. In Maharashtra, stamp duty on the property varies by location. For example, stamp duty for a property located in the municipal limit of urban areas in Mumbai will be 5% of the market value, while a property located within the limits of any gram panchayat will attract stamp duty of 3% of the market value.

Stamp Duty And Registration Charges In Maharashtra

The stamp duty rates on property depend on several measures in the state of Maharashtra. This includes whether the property is located in urban or rural areas, the total cost of the transaction, etc. Recently, the Maharashtra government has reduced the stamp duty on properties for the next two years in areas falling under the Mumbai Metropolitan Region Development Authority. (MMRDA) and the municipal corporations of Pune, Pimpri-Chinchwad, and Nagpur.

This means that stamp duty on properties in Mumbai, Pune, and Nagpur, will be charged at 5% (4% stamp duty + 1% metro cess).

Moreover, according to Article 34 of the Maharashtra Stamp Act, which was revised in 2017, stamp duty on gift deeds is 3% of the property’s value. However, if the property in consideration is a residential or agricultural property and is gifted (without any payment) to family members, then, the stamp duty is Rs 200.

Factors that Determine Your Fee on Stamp Duty & Registration

Stamp duty and registration charges are imposed by the state governments on homebuyers. These apply to both freehold and leasehold land (agricultural and non-agricultural) as well as other types of properties such as homes, flats, or commercial properties. There are certain factors that determine how much stamp duty is in Mumbai and registration will be payable:

• Type of property

The fees on residential will be comparatively less than a commercial property.

• The type of location

Properties in rural areas, as well as semi-urban areas, have to pay significantly less than in posh areas.

• Market Value

The market value of the property and the area of ​​the property are taken into account for the calculation of stamp duty charges.

How To Pay Stamp Duty & Registration Charges Online In Mumbai?

In Mumbai, you can go for payment of these charges through both online and offline mediums. The Government of Maharashtra has a dedicated portal ‘Government Receipt Accounting System’ (GRAS) in which you are required to enter all the necessary details about the property and its documents and make payments accordingly. Homebuyers must follow a few easy steps to pay the stamp duty and registration charges in Mumbai on the purchase of the property.

Step 1: Visit the Maharashtra Stamp Duty Online Payment Portal.

Step 2: If you are not registered with the portal, click ‘Pay without registration’. If you are a registered user, please fill in the login details.

Step 3: If you have selected the option ‘Without Pay Without Registration’, you will be directed to another page, where you will have to select ‘select citizen’ and select the type of transaction you want to do.

Step 4: Select ‘Pay to register your document’. Now, you can choose to pay stamp duty and registration fee together or only stamp duty or registration fee only.

Step 5: Fill in the required details such as District, Sub-Registrar office, Payment details, Party details, Property details, and Property value details.

Step 6: Select the payment option and once completed, generate the challan, which will have to be submitted at the time of execution of the deed.

If you are doubtful or stuck at any step or you want to recreate your invoice, you can leave a mail at [email protected]

Modes of Payment of Stamp Duty in Maharashtra

There are 4 modes of payment of Stamp Duty in Maharashtra:

• Non-judicial Stamp Papers – This is the traditional but cumbersome and time-consuming mode of stamping, and forces one to obtain physical stamp paper by engaging with licensed vendors. The instrument to be executed is printed on such stamp paper. This option is not practicable in cases where stamp duty of larger denominations is required to be paid.
• Franking a document – The process of franking a document requires submitting an application with an authorized bank or franking agency to pay stamp duty and stamp (using the vending machine) by the authorized bank or franking agency on the document denotes value. Franklin can only be done before the execution of the document and the maximum stamp duty cap is Rs. 5000 / document.
• e-SBTR/Electronic Secured Bank Treasury Receipt – E-SBTR is an online payment service for payment of stamp duty through an electronic payment gateway. For this one has to fill the filling ‘input form’ at the branch office with any bank providing e-SBTR facility and pay the required amount of stamp duty. The bank then records these details in the Government Virtual Treasury and creates an e-SBTR on the special government pre-printed secure stationery which serves as proof of payment of stamp duty. Since the e-SBTR is issued on a special government stamp, it is necessary to physically collect an e-SBTR from the respective branch of the bank upon the presentation of the confirmation of online payment for the print of input form and stamp duty.
• GRAS/Government Receipt Accounting System – Like e-SBTR GRAS, there is an online payment of stamp duty through an electronic payment system. However, under an e-SBTR mechanism, there is no need to physically go to the respective branch of the banks as recognition of e-challan generated online under GRAS as an accepted method of payment in sub-registrar offices and other offices of the department. Although a completely online process, GRAS has the limitation that it can only be used for compulsory registrable documents (under Section 17 of the Registration Act, 1908), including, inter alia, the right, title, and interest to or in immovable property. In financing transactions, therefore, this mode of payment will only be available for documents such as mortgages and cannot be used to pay stamp duty on other important but non-mandatory mandatory documents such as loan agreements, security and guarantee documents.

Recent Clarification on Stamp Duty in Maharashtra

Providing some relief to the Office of Inspector General of Registration and Controller General of Maharashtra through a circular dated 27th April 2020 and notified certain relaxations in relation to (a) Some exemptions have been notified in respect of filing of information (in the matter of financing, transactions required for the creation of mortgages on immovable property, through title deeds or deposits of similar mortgages):): and (b) Payment of stamp duty on non-compulsory registrable financing documents executed during the nationwide lockout period. The fee/exemption offered under the circular is summarized in the table below.

Stamp Duty News

• On 6 March 2020, the Maha Vikas Aghadi (MVA) government in its landmark decision announced a 1% stamp duty concession and other related charges applicable to the registration of documents in areas falling under the Mumbai Metropolitan Region Development Authority (MMRDA) and Municipal Corporations of Pune, Pimpri-Chinchwad, and Nagpur by 2022.
• On 31st March 2020, the Central Government has extended the applicability of stamp duty by 3 months. The provisions of the amended Indian Stamp Act, which were to come into force from 1 April 2020, will now come into force from 1 July 2020.
• On 11th May 2020, the Maharashtra government has lost Rs 3885 crore in stamp duty in 40 days of lockdown. The state government has earned only Rs 15 crore through stamp duty and registration in the last 40 days – a steep fall in comparison to the Rs 4000 crore it usually generates in such a period.
• On 28th May 2020, the Maharashtra Government has announced 1% concession of stamp duty.

Data Source: Google, Image source: https://gras.mahakosh.gov.in/

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Calculate Stamp Duty, Registration Fee, Rebate for Women, LBT GST, and TDS in just six (6) easy steps

Validity of this calculator is from 1 st April, 2021 up to 31 st Mar, 2022.

Stamp Duty Increased from 3% to 5% w.e.f. 1 st April, 2021.

The unique calculator helps to calculate stamp duty, registration fee, rebate for female buyers, local body tax (LBT), ready possession, under-construction properties with Good Service Tax (GST), or on Under Construction properties, Affordable Housing Schemes, and Tax Deducted at Source (TDS) if PAN card available and PAN card not available when property value exceeds above Rs. 5000000.

How much stamp duty, registration fee, and other Taxes will I need to pay on the Sale Deed/Agreement for Sale in Maharashtra State?

Note : The Online Simple Stamp Duty & Registration Fee Calculator for Sale Deed / Agreement for Sale which provides you with an indication of amount you need to pay in form of taxes such as stamp duty and registration fee; your Advocate, Solicitor, Chartered Accountant or Stamp Duty Consultant will be able to provide you with True Market Value of the property with the final amount of the Stamp Duty and Registration Fee and other taxes with its procedures. We always recommend our valuable users to obtain the proper Legal Advice from the professionals in these fields or confirm with the concerned authority Read full Terms and Conditions carefully before using it.

We have explained in details how to calculate Market value of Property, for paying Stamp Duty and Registration Fee, and have explained in details how to calculate Capital Value of property for Municipal Assessment Tax.

• How to calculate Market Value of Property
• How to calculate Capital Value of Property
• What is Stamp Duty in Maharashtra

Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative Banks which are authorized by Reserve Bank of India. With view that the facility of payment of stamp duty is made easily available to the public therefore different arrangements are in force.

• Online Payment of stamp duty and registration fee through GRAS
• Paying Stamp Duty through Franking in Post Offices
• Paying Stamp Duty through Stamp Vendors

The Department of Registration and Stamp, Maharashtra State Government had appointed Authorised Service Providers to register Leave and License Agreement in Maharashtra.

• e-Registration of Leave and License Agreement.

We have provided the Timeline Events of Registration and Stamp Department, Maharashtra State.

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Schedules of stamp duty and registration fees payable on some important instruments under The Maharashtra Stamp Duty Act as amended up to April 2018

Note : Registration Fee with (*) is subject to Maximum ₹ 30,000/-