Stamp Duty & Registration Charges | Maharashtra | Mumbai
Stamp Duty & Registration Charges | Maharashtra
The stamp duty in Mumbai has increased by one percent post the State government announced an additional percent as metro cess on property purchases, effective from April 1, 2022.
Several cities in Maharashtra are set to witness an increase in property prices as the State government has announced 1% metro cess on stamp duty, effective from April 1, 2022. An additional cess will be implemented in Mumbai, Pune, Thane, and Nagpur, to fund the growth of transport infrastructure projects. With the introduction of metro cess, the stamp duty and registration charges in Mumbai will go up to 6 percent, which was 5 percent. Similarly, in Pune and Nagpur, the introduction of metro cess will take the stamp duty to 7 percent, which was 6 percent before.
Present Stamp Duty and Registration Charges in Mumbai
| Areas in Mumbai | Stamp Duty rates in Mumbai for men | Stamp Duty rates in Mumbai for women | Registration charges in Mumbai |
|---|---|---|---|
| Within the municipal limits of any urban area | 6% of the market value of property | 5% of the market value of property | 1% |
| Within the limits of any municipal council/ panchayat/ cantonment of any area within MMRDA | 4% of the market value of property | 3% of the market value of property | 1% |
| Within the limits of any gram panchayat | 3% of the market value of property | 2% of the market value of property | 1% |
Disclaimer: The above rates are derived from the official website. Last updated on April 1, 2022
