Price of Stamp duty and Registration Charges in Maharashtra. Up to December 31 st, 2014, the registration charges on residential properties: 25000 INR (5% on property prices) Since January 1 st, 2015, the charges are 30000 INR. Further, the stamp duty also changes with the amount of capital contributed in the LLP. Good News Stamp Duty Reduce . The Registration Act, 1908, necessitates the purchaser to register a property for which the Gurgaon pay the stamp fee and registration fees. The one per cent concession in stamp duty announced in the Maharashtra budget on March 6 will start from April 1, officials said on Saturday. Pay search fee in the form of e-Challan. Guidelines of valuation for Maharashtra (year 2020-21) Guidelines of valuation for Mumbai (year 2020-21) Circular for Maharashtra Real Estate Regulatory Authority Circular 13-8-2020 Circular 11-10-2019 Circular 13-08-2020. As such, these charges can run into lakhs of rupees. Pay stamp duty and registration fees in the form of e-Challan. Here you can know everything about stamp duty and registration charges in Mumbai and how it is calculated. The fee for property registration is payable over and above the stamp duty. About the new eFiling Version 2 for online notice of intimation As Stamp Duty is levied by the state, so different states have different rules to charge stamp duty based-on percentage or on nature of the agreement. Stamp Duty & Registration charges produce large amount of revenue for state government of Maharashtra. However the government has provided various reliefs pertaining to stamp duty charges considering the current COVID 19 crisis. In Mumbai, stamp duty is levied under the Maharashtra Stamp Duty Act. In Maharashtra, stamp duty charges are 5% in key cities like Mumbai, Pune, Nagpur and Nashik and 6% in others. To avoid any shortfall in funds when buying your home and registering the property in your name, ensure that you also requisition for the stamp duty and registration charges when you apply for the home loan amount. "The one per cent concession on stamp duty will be on registration of documents pertaining to sale and lease of … These rates are applicable from 1 st September 2020 to 31 st December 2020. Registration charges tend to be 1% of the property’s market value. The Government in Maharashtra has approved a 3% cut on property registration for stamp duty between 1 st September and 31 st December, 2020. The registration fee is the value that the government charges in order to record the sale of the property, while the stamp is a tax form that the Government charges for legal documents. For properties below Rs 30 lakh – 1% of the property value. Reduction in Stamp Duty. Gift Deed in favor of Near Relatives (in favor of Husband, Wife, Son, Daughter, Grandson, Granddaughter or Wife of a deceased son) – Rs. In West Bengal, the stamp duty charges are 7% up to Rs 25 Lakhs’ value, and for the amount above Rs 25 Lakhs, it is 6%. ETGovernment; August 17, 2020, 16:01 IST W. E. F. 1st Sep 2020 the stamp duty have been reduce by three (3) percent Mumbai District and Mumbai Suburban District and by Two (2) percent in Rest of the Maharashtra State for the period starting from 1st of September 2020 and ending on 31st of December 2020. A reduction of 2-3% in rates will result in handsome savings for home buyers. Get details online! Stamp duty and registration charges in Mumbai remain one of the biggest sources of revenue for the state government of Maharashtra. Home Loan; Business Loan; Education Loan; Vehicle Loan; Lifestyle. Inspector General of Registration and Controller of Stamps. Aspiration. 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