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If you are selling a flat in Mumbai within 3 years of purchasing it, you may be eligible for a stamp duty exemption. The Maharashtra state government has passed a bill that provides a waiver on stamp duty for one to three years when purchasing resale properties. However, the exact duration of the exemption depends on the date of purchase and sale of the property. The stamp duty rates in Mumbai vary based on the semi-urban and rural areas, and the owner of the property. The current stamp duty rates in Mumbai for men and women are 6% and 5%, respectively . The home registration charges in Mumbai are ₹30000 for properties worth above ₹3000000 and 1% of the property value for properties worth less than ₹3000000.
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I am Selling a Flat, which I Recently Purchased as a Resale in Mumbai. Do I Get the Stamp Duty Paid Benefit as I’m Selling it in Four Months?
Yogesh
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7 months
2024-01-15T10:18:05+00:00 2024-01-15T10:20:44+00:00Comment
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