Stamp Duty
Stamp duty is a pre-requisite condition, which has to be paid before taking possession of the flat. It is essential to pay the requisite stamp duty every time one purchases a new flat or even when it is transferred within the family.
STATE |
RATE OF STAMP DUTY |
REMARKS |
Maharashtra
within Municipal limits of Greater Mumbai,Navi Mumbai, Pune & Thane.
- for transfer other than in (b)
- if relating premises registered under Maharashtra Co-operative
Societies Act, 1960, or the Maharashtra Ownership Flat Act, 1963,
or the Maharashtra Apartment Ownership Act, 1970.
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Rate Revised to 5%
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Maharashtra Govt has revised the stamp duty in recent budget |
Procedure for Stamp Duty
When the flat purchaser desires to enter into an agreement, the stamp duty amount is calculated for him/her as per the agreement value or market value, whichever is higher. Once the stamp duty amount is given to the flat purchasers, they need to get the pay-order, which will be addressed in favour of "SUPERINTENDENT OF STAMPS, Mumbai". The pay-order is given for franking of the agreement. Later, the said agreement is duly filled and signed by the respective parties.
The Stamp Duty Offices in Mumbai
The Superintendent of Stamps
General Stamp Office,
Ground Floor, Town Hall Building,
Shahid Bhagatsingh Road, Fort,
Mumbai 400 023
Ph: 266 4589, 266 4585
Office of the Superintendent of Stamps
First Floor, B.M.R.D.A. Building,
Bandra (East),
Mumbai 400 051
Ph: 645 1894
Stamp Office
Town Hall,
Collector's Office Compound,
Thane (West) 400 601
Click here for Total Information About Registration
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