If you have recently purchased a property then will be required to pay stamp duty. Stamp duty is a tax imposed on the property buyer at the time of registration of a property. After the land and revenue digitization program you can pay stamp duty online. Now you must be wondering
how to pay stamp duty online in Maharashtra. Here you can explore the entire process on how to pay stamp duty and registration online in Maharashtra:
How to pay online stamp duty in Maharashtra?Visit the official website of Maharashtra property registration
https://gras.mahakosh.gov.in/igr/
The applicant needs to register first to use this website further.
Once you register yourself on the website. Now you need to login to your registered account
Once you reach the home page click on the make new payment option.
Once you click the make new payment option then you will see 4 options: Citizen, pay stamp duty only , pay registration fee only, make payment for penalties and other payment.
Click on the citizens and then tap to pay stamp duty and registration fee together.
Then you will be required to fill a form. You need to provide the basic details of your property .
Select district, category (rural/urban) area of property.
Now you select in which office you want to register your document.
Article code (Select the purpose of registration sale deed registration/ rental agreement/ mutation)
Now you need to fill the calculated amount of stamp duty.
Fill the first party details( name of payer, pan number and mobile number)
Fill the second party details (name of the buyer & incase of rent agreement name of the tenant also add pan number, mobile number of the second party)
Mention the amount agreed decided between both the parties to finalize the deal
Now the last step is the payment option you can pay via net banking or debit card.
Select a listed bank.
Enter captcha code
Revise the details once before tapping to the proceed option.
Once every detail is appropriate click on to the proceed option.
Now take a look at the draft challan or the details you have provided.
Once you are confident that all the details are correct tap the agree button
Then immediately tap to the notification ok for the final confirmation.
Then you will be redirected to the payment window where you make the payment.
Take a screenshot of your stamp duty payment .
This is the process on how to pay stamp duty online in Maharashtra
How to calculate stamp duty and registration charges?Your Feedback Matters! How was this Answer?
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These days home buyers prefer online payment of stamp duty instead of large cash deposits. Nobody wishes to stand in ATM lines and take out large amounts. The ease and security offered by online payments are changing how Indians choose to make payments in the real estate sector. Keep reading to know more.
Contact NoBroker’s Legal Services for verification of paperwork needed in payment of stamp duty
Check out NoBroker Buyer Plans for expert help with property documents
Can I pay stamp duty by credit card in maharashtra?Yes, you can pay stamp duty by credit card in Maharashtra. The Registration and Stamps department has authorised a few Indian banks that can collect stamp duty via internet banking: Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, I. D. B. I. Bank, Indian Bank, Indian Overseas Bank, Punjab National Bank, State Bank of Hyderabad, State Bank of India, State Bank of Patiala, Union Bank and Vijaya Bank.
You can pay your stamp duty charges via debit card, ESBTR and simple receipts as well. Certain banks are authorised to collect stamp duty fees through E-SBTR. The banks are the Bank of Maharashtra, Canara Bank, I. D. B. I. Bank and Punjab National Bank.
Can we pay stamp duty by credit card?Yes, stamp duty can be paid by credit card. One needs to be sure about the information and details input in the form. Payers are required to put correct details as the payment transaction is legal, wrong information can lead to infringement or fraud under Stamp Duty Act. Moreso, once the payment is confirmed, it is difficult to rectify the mistake.
Many choose to take the help of an advocate or Stamp Duty Consultant.
As mentioned in the comments above, payers can make online payments of stamp duty from the GRAS (Government Receipts Accounting System) Finance Department (FD) Government of Maharashtra through the website:
https://gras.mahakosh.gov.in/echallan/
Read more:
What do you mean by stamp duty? How is it calculated?
What is stamp duty value?
How to calculate stamp duty and registration charges?
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It is essential to pay stamp duty when you are purchasing a property. As mentioned above by Mr Charu Grover, stamp duty is a tax that a buyer must pay during the registration of property. Before telling you about the stamp duty online payment process, let me share what percent of stamp duty you need to pay in the year 2022.
Need help with e payment of stamp duty and registration fees, check out NoBroker legal servicesAreas in Mumbai | Stamp duty in Mumbai for Male | Stamp duty in Mumbai for female | Registration charges |
In the municipal limits of any urban area | 6% of the property’s market value |
5% of the property’s market value |
1 % of the property value |
In the limits of any municipal council/ panchayat/ cantonment of any area within MMRDA | 4% of the property’s market value |
3% of the property’s market value |
1 % of the property value |
In the limits of any gram panchayat | 3% of the property’s market value |
2% of the property’s market value |
1 % of the property value |
Now that I have mentioned the amount you need to pay as e payment of stamp duty and registration fees, let me share how to pay stamp duty.
Maharashtra stamp duty payment:There are three ways to pay stamp duty:
Stamp Paper: Using stamp paper to pay stamp duty is an online method. If you want to buy stamp paper you can avail of it by visiting the sub-registrar office.
Franking: Franking is the process where an agreement is printed on paper and provided to authorised banks. The document for stamp duty is created via a franking machine.
E-stamp: E-stamping is a convenient process to pay stamp duty. You can pay for e-stamp paper online and make the payment via RTGS or NEFT.
This was all about stamp duty online payment. Hope you find this information useful.
Read more:
What is Difference Between Judicial and Non Judicial
stampPaper?
What is the validity of old
stamppaper used
Who should pay
stampduty on extra area given to owner in redevelopment project
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A property does not remain with a single person all the time. It gets sold or purchased by people and thus the name of the owner also gets changed. My father bought a property recently and thus had to get it registered in his name and that is when I got to know about the online stamp duty payment procedure. Yes, as Charu said, I followed these steps and was able to pay the money easily. When you register the property in your name, you are asked to get it stamped and pay the fee for it and that is called stamped duty.
How to pay stamp duty online in Maharashtra for agreement?The Maharashtra government has stated the procedure to pay the stamp duty online and you can simply follow the steps mentioned in the above answer and pay it. You can pay rental stamp duty online as well by following these steps. The fee for stamp duty and registration fee vary from 6% and 7% and depending on several factors.
Stamp duty on Rental agreementThe stamp duty is 0.4% of total rent for the lease period if the period is 4 years or less than 4 years. If the period is more than 4 years, the stamp duty is 0.4% of 4 times the AAR for the time of the lease.
What can be used to pay the stamp duty in Maharashtra?You can pay the stamp duty by using Debit/credit card, cheque, demand drafts and online banking. Of course you cannot use cheque or draft while paying the money online.
Opt for NoBroker Legal Assistance Service for any legal query and get the best possible solution.
The online stamp duty payment procedure must be clear to you by now.
Read More:
What Is The Stamp Duty On 180000?
Stamp Duty
How To Get Refund Of Stamp Duty Paid In Maharashtra?
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How to pay stamp duty online in Maharashtra?
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2021-06-21T14:04:13+00:00 2023-06-16T12:52:55+00:00Comment
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