Stamp Duty in Maharashtra: Everything You Need to Know

In Maharashtra, stamp duty is a crucial component of real estate transactions. For first-time buyers and second-time buyers, here are some of the important details of registration charges and stamp duty in Maharashtra. This is the all-inclusive reference to fees, payments, penalties, and concessions that you should be aware of.

Stamp Duty Rates in Maharashtra (2025)

In Maharashtra, the stamp duty rates differ from one location to another. Tariffs vary for all the urban, semi-urban, and rural regions. Below are the current rates:

Within Municipal Corporation Areas (e.g., Mumbai, Pune):

• Stamp Duty: The maximum amount is 5% of the market value of the property.
• Registration Fee: Up to ₹30,000 or 1% of the market value of the property, whichever is lesser.

Within Municipal Council Areas:

• Stamp Duty: It is 4% of the property’s market value.
• Registration Fee: A sum less than 1% of the market value of the property.

Within Gram Panchayat Areas:

• Stamp Duty: This is normally 3% of the market value of the property.
• Registration Fee: The amount is equal to 1% of the property’s market value.

Because of these rates, property transactions are transparent because the tax is value-based. The Maharashtra Stamp Act Schedule contains detailed rates.

The Recent Amendments to the Stamp Duty

The Maharashtra government changed the stamp duty rates on October 14, 2024. These changes include:

• Minimum Stamp Duty: The fees for instruments such as affidavits and agreements have been increased from ₹100 to ₹500.
• Articles of Association: It was reduced from 0.2% (up to ₹50 lakh) to 0.3% (up to ₹1 crore).
• Arbitral Awards: New rates are calculated as a percentage of the award amount but with a maximum limit.

Further details can be found in the official circular on stamp duty changes

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Stamp Duty Payment Process

Paying stamp duty in Maharashtra is a straightforward process, with options for online and offline payment:

Online Payment via GRAS:

• Visit the GRAS portal.
• Now go to ‘e-payment’ and fill in the department as ‘Inspector General of Registration.’
• Now, please enter property and transaction details.

• The payment can be made through net banking or any other mode of payment available at the time of payment.
• In return for payment, it issues a challan. For reference as a guideline, specific information on GRAS is given below.

Offline Payment via e-SBTR:

• To obtain an e-SBTR (Electronic Secured Bank and Treasury Receipt), visit a bank that has been approved.
• The transaction details can be sent, and you can make the payment in cash, cheque, or demand draft.
• The document to be registered should be attached to the issued e-SBTR. For more, please visit ePayment Rules.

Property Registration Steps

Stamp duty is followed by property registration. Here’s how you can do it:

• Then go there with the sale deed or any other document that you require.
• The registration charges can also be paid online as well as offline.
• You can schedule an appointment with the Sub-Registrar’s office through the IGR Maharashtra portal.
• Original documents and identification proofs should be handed over to the Sub-Registrar by the buyer, the seller, and two witnesses.
• The Sub-Registrar will then register the property in the name of the buyer upon confirmation.

For more information, please consult the e-Registration Citizen Manual.

Penalties for Non-Payment

Delaying stamp duty payment can lead to penalties:

• Penalty Rate: If, from the date of execution, there shall be paid 2% per month on the unpaid amount.
• Maximum Penalty: The deficient stamp duty will be up to 200%.

It assists you in meeting your bills and other expenses so that you do not incur additional charges and, most importantly, legal obligations. For further information, please read the Maharashtra Stamp Act.

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Refunds on Stamp Duty

In cases where stamp duty has been paid on a document that is not executed or is void, a refund can be claimed:

• Application Period: The stamps should not be used after six months from the date of purchase of the stamps.
• Processing Time: Typically 3 to 6 months.
• Deductions: There may be a token fee charged as a processing charge.

More details on refunds can be obtained from Circulars.

Concessions on Stamp Duty

Women buyers of residential properties in Maharashtra are eligible for a 1% rebate on the stamp duty. This venture is supposed to ensure that women own property and are financially secure.

Important Considerations

• Ready Reckoner Rate:  The government’s Ready Reckoner rate or the property’s market value, whichever is higher, is used to calculate stamp duty. Additionally, it helps the government collect the appropriate amount of taxes.
• Legal Compliance: Stamp duty and registration fees have to be paid on time to avoid such incidents.

Final Thoughts

Other costs that have to be borne while making property transactions a hassle-free affair are stamp duty and registration fees. You should know the current rates, the payment procedures, and the penalties associated with them to avoid them. You can get all the latest information and correct information from the Department of Registration & Stamps, Government of Maharashtra.

The laws governing property transactions can be complex, but with this guide, you are now equipped to face stamp duty in Maharashtra.

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