How much is stamp duty and registration in Mumbai?

As far as I know, the Mumbai stamp duty and registration charges vary depending on the value of the property and gender of the buyers. Let me share the percentage of stamp duty fees with you:

• Stamp Duty:

  • Women: 5% of the property value

  • Men: 6% of the property value

  • Joint (male and female): 6% of the property value

  • Joint (male and male): 6% of the property value

  • Joint (female and female): 5% of the property value

• Registration Charges:

  • ₹30,000 for properties worth above ₹30,00,000

  • 1% of the property value for properties worth less than ₹30,00,000

• Additional Information:

  • Within Municipal Limits of Urban Areas: 6% for men, 5% for women

  • Within Municipal Councils, Panchayats, and Cantonments: 4% for men, 3% for women

  • Within Gram Panchayat: 3% for men, 2% for women

This is all about stamp duty and registration charges in Mumbai. Let me also inform you that to buy a property in Mumbai, you must have certain documents. Some of them including:

• Agreement to Sale

• Sale Deed

• Encumbrance Certificate

• Property Tax Receipt

• NOC

• Power of Attorney (if applicable)

• Proof of Stamp Duty and Registration Fees Payment

• TDS Deduction Certificate (for properties over ₹50 lakh)

• PAN Card or Aadhaar Card or Passport Size Photos of Buyer and Seller

I hope you found this answer helpful. 

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Let’s dive into the details of Mumbai stamp duty and registration charges below.

What is the Stamp Duty and Registration Charges Mumbai?

Stamp duty registration charges in Mumbai depend on the gender of the buyer and the type of ownership:

• Male: 6% (including 1% metro cess charges).

• Female: 5% (including 1% metro cess charges).

• Joint (male and female): 6%.

• Joint (male and male): 6%.

• Joint (female and female): 5%.

Additionally, home registration charges in Mumbai are:

• Rs. 30,000 for properties worth above Rs. 30 lakhs.

• 1% of the property value for properties below Rs. 30 lakhs.

How Stamp Duty is Calculated in Mumbai:

• Stamp duty is assessed based on either the ready reckoner rates or the actual property value, whichever is higher.

• Ready reckoner rates act as a minimum price for property transactions.

• The calculation considers the higher of these values to ensure fair taxation.

What are the Factors Affecting the Current Stamp Duty and Registration Charges in Mumbai?

• Property Location: Rates are generally higher in urban areas under municipalities.

• Property Age: New vs. old properties impact stamp duty.

• Property Type: Residential, commercial, or industrial.

• Transaction Value: Higher value properties may have different rates.

• Nature of Transaction: Different deeds (e.g., gift deeds, lease deeds) have varying rates.

• State Government Policies: Changes in policies affect stamp duty.

I hope this helps!

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Whenever a transaction happens on a land or property, the state government levies stamp duty and registration charges. Stamp duty in Mumbai differs on the basis of locality and property type. If you are wondering how much is the stamp duty in Mumbai, I am here for you. I will tell you about how much is stamp duty and registration charges in Mumbai.

Here is a table indicating the stamp duty charges applicable in different localities of Mumbai city.

The registration charges in Mumbai are 1% of the total cost of the property. If the property costs more than Rs. 30 lakhs then the registration charges will be capped at Rs 30,000.

To pay stamp duty online you will have to visit the official website of the Finance Department of Maharashtra Government on the below mentioned link:

You can either register on the platform or continue without registration and click on make payment to register document option.

Enter details like district, sub-registrar’s office, payment details, party details, property details and property value details. Choose payment option and proceed to generate challan.

I hope now you know

how much is stamp duty and registration in Mumbai.