Whenever any immovable or movable asset is transferred, the buyer is required to pay a certain amount of tax to the state government to get it stamped. This is known as stamp duty. It is decided by the state government and as far as I know, there is no option to reduce stamp duty. However, there has been a reduction in stamp duty in recent years.
Stamp Duty Charges in Mumbai:Stamp duty rates (w.e.f. 1
st
April 2021): 5% (includes 1% metro cess)
Stamp duty rates from 1
st
September 2020 till 31
st
December 2020: 2%
Stamp duty rates from 1
st
January 2021 till 31
st
March 2021: 3%
I hope this helps :)
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Authors Of The Question
Is any chances to reduce stamp duty in Mumbai in current year 2020-21
Vikas k
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1
3 Year
2021-09-02T19:27:08+00:00 2021-09-08T18:09:01+00:00Comment
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