Stamp Duty and Registration Fees at Glance

Stamp Duty and Registration Fee at a Glance


Stamp Duty and Registration Fee

Type of Document Stamp Duty Applicable as per Various Article Registration Fees
     
Immovable Property
Conveyance Deed,
Sale Deed,
Agreement for sale
.

(w.e.f. 25/04/2012)
As per Article 25 of Schedule I of The Bombay Stamp Act, 1958. 1% of Market Value or
Rs. 30,000/- which ever is less.
Registration is Compulsory.



Immovable Property

Purchase from Investor
(w.e.f. 05/06/2008)

As per Article 5(g-a)(ii) of Schedule I of the Bombay Stamp Act, 1958.

If relating to the purchase of one or more units in any scheme or project by a person, from a developer, who subsequently sells the unit, the duty chargeable for each unit under this clause shall be adjusted against the duty chargeable under article 25 (conveyance) after keeping the balance of Rs. 100/- (Rupees One Hundred), if such transfer or assignment is made within a period of one year from the date of the agreement.

If on adjustment, no duty is required to be paid, then the minimum duty for the conveyance shall be 100/- (Rupees One Hundred).

Explanation: For the purposes of this clause, the unit shall include a flat, apartment, tenement, block or any other unit by whatever name called, as approved by the Competent Authority in the building plan.
1% of Market value or
Rs. 30,000/-which ever is less.
Registration is Compulsory.
     



Immovable Property
Gift Deed
(w.e.f. 24/04/2015)
As per Article 34 of Schedule I of The Bombay Stamp Act, 1958 read with Article 25.

Provided, with effect from 24/04/2015, if immovable property residential and agricultural land is gifted to a family member husband, wife, son, daughter, grandson, grand-daughter, wife of decesed son (widow). Stamp Duty is Rs. 200/-

if immovable property other than residential or agricultural land is gifted to a family member husband, wife, son, daughter, brother, sister, grandson, grand-daughter, wife of decesed son. Stamp Duty is 2 % on the True Market Value.

In any other cases Stamp duty 5% on true market value is same as applicable to conveyance deed, under Article 25.
1% of Market Value or
Rs. 30,000/- which ever is less.
Registration is Compulsory.
     



Immovable Property
Leave And Licence
As per Article 36A of Schedule I of The Bombay Stamp Act, 1958. Rs. 1,000/-.
Registration is Compulsory.
     



Immovable Property
Lease Deed
As per Article 36 of Schedule I of The Bombay Stamp Act, 1958 read with Article 25.

(i)   If the lease is for a period upto five years then the same duty is as per conveyance under article 25, on 10 %
(Ten per cent)
of the market value of the property.

(ii)   If the lease is for a period exceeding five years but not exceeding ten years, with a renewal clause contingent or otherwise, then the stamp duty is as per conveyance under article 25, on 25% (twenty five per cent) of the market value of the property.

(iii)   If the lease is for a period exceeding ten years but not exceeding twenty-nine years, with a renewal clause contingent or otherwise, then the stamp duty is as per conveyance under article 25, on 50% (fifty per cent) of the market value of the property.

(iv)   If the lease is for a period exceeding twenty-nine years or in perpetuity, or does not purports for any definite period, or for lease for period exceeding twenty-nine years, with a renewal clause contingent or otherwise, then the stamp duty is as per conveyance under article 25, on 90% (ninty per cent) of the market value of the property.

Explanation:

1. Any consideration in the form of premium or money advanced or to be advanced or security deposit by whatever name called shall for the purpose of market value be treated as consideration passed on.

2. The renewal period, if specifically mentioned, shall be treated as part of the present lease.
1% of Market Value or
Rs. 30,000/- which ever is less.
Registration is Compulsory.
     



Immovable Property
Surrender of Lease
As per Article 58 of Schedule I of The Bombay Stamp Act, 1958 read with Article 25.

(a) On surrender without any consideration Stamp duty is
Rs. 200 .

(b) On surrender with consideration Stamp duty is as per conveyance under Article 25 on the amount of consideration.
Surrender without any consideration Fees is
Rs. 100/-
Surrender with consideration fees is 1% of consideration subject to maximum of
Rs. 30,000/-
Registration is Compulsory.
     



Immovable or Movable Property
Will
It is exempt from Stamp Duty. Rs. 100/-.
Registration is not Compulsory.
     



Immovable Property
Transfer of Tenancy
(w.e.f. 16/09/2011)
As per Article 5 (g-d) of Schedule I of The Bombay Stamp Act, 1958.

(A)   For the purpose of non-residential use :

Stamp Duty is as per Article 60. i.e. same as conveyance under Article 25 on the market value of the property.

(B)   For the purpose of residential use

(i)  If Area of premises is upto 27.88 square meters
(300 Square Feet). Stamp Duty is Rs.50/- per square
meters.

(ii)  If Area of premises is more than 27.88 square meters (300 square feet) Stamp Duty is as per Article 60. i.e. same as conveyance under Article 25 on the market value of the property.
1% of Market Value or
Rs. 30,000/- which ever is less.
Registration is Compulsory.
     



Immovable Property
Creation of Tenancy
As per Article 36 of Schedule I of The Bombay Stamp Act, 1958.

1% of amount arrived by monthly rent multiplied by 120 plus premium amount if any subject to maximum of
Rs. 30,000/- which ever is less.
Registration is Compulsory.
     



Immovable Property
Surrender of Tenancy
As per Article 58 of Schedule I of The Bombay Stamp Act, 1958.

Surrender without any consideration Fees is
Rs. 100/-
Surrender with consideration fees is 1% of consideration subject to maximum of
Rs. 30,000/-
Registration is Compulsory.
     



Immovable Property
Exchange of Property
As per Article 32 of Schedule I of The Bombay Stamp Act, 1958 read with Article 25.

Stamp duty as per Article 25 which will be highest duty on either of the property exchanged.
1% of Market Value of the property of the greater value or Rs. 30,000/- which ever is less.
Registration is Compulsory.
     



Immovable Property
Partition Deed
As per Article 48 of Schedule I of The Bombay Stamp Act, 1958.

Stamp Duty is 2% of market value of the share or shares remaining after separating the largest share. In case of equal share then on any one of the share.
1% of Market Value of the share or shares remaning after separating the largest share or
Rs. 30,000/-which ever is less.
Registration is Compulsory.
     



Immovable Property Release Deed
As per Article 52 of Schedule I of The Bombay Stamp Act, 1958.

(a)   In case of Renouncement by legal heirs of ancestral property Rs. 200/-.

(b)   In any other case as per conveyance, under Article 25.
1% of Market Value or
Rs. 30,000/- which ever is less.
Registration is Compulsory.
     



Immovable Property Power of Attorney
As per Article 48 of Schedule I of The Bombay Stamp Act, 1958, read with Article 25 & Article 5(g-a).

(A)   General or Specific Power of attorney given to execute or authorize one or more transaction with out any consideration or money received. (Other then mentioned below) Stamp Duty is Rs.100/- for each person authorised.

(B)   Power of attorney given for consideration or money received to execute or authorize selling of an immovable property. Stamp Duty is same as on Conveyance deed as per Article 25.

(C)   Power of attorney given without consideration or money received to execute or authorize selling of an immovable property to other then close relative. Stamp Duty is same as on Conveyance deed as per Article 25.

(D)   Power of attorney given without consideration or money received to execute or authorize selling of an immovable property to close relative. Stamp Duty is Rs. 500/-

(E)   Power of attorney given to promoter or developer for construction, development or sale or transfer of any immovable property. Stamp Duty is same as on Conveyance deed as per Article 25.
(i) Fees for Attestation of General or Specific Power of AttorneyRs. 25/-
Registration is not Compulsory.

(ii) Fees for Registration of General or Specific Power of Attorney is
Rs. 100/-
Registration is not Compulsory.

(iii) Fees for other types of Power of Attorney is 1% of Market Value or
Rs. 30,000/- which ever is less.
Registration is Compulsory.
     



Immovable Property Development Agreement
As per Article 25 of Schedule I of The Bombay Stamp Act, 1958, (At present it is 5% of market value of land, in urban areas)

1% of Market Value of the Property or
Rs. 30,000/- which ever is less.
Registration is Compulsory.
     



Immovable Property Transfer of Development Right (TDR)
It is a movable property hence stamp duty is 3% of the value.

Registration is not Compulsory.
     


How to calculate Market Value

We have explained in details how to calculate Market value of Property.

How To Pay Stamp Duty And Registration Fee

Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative Banks which are authorized by Reserve Bank of India. With view that the facility of payment of stamp duty is made easily available to the public therefore different arrangements are in force.

Online Leave and License Registration

The Department of Registration and Stamp, Maharashtra State Government had appointed Authorised Service Providers to register Leave and License Agreement in Maharashtra.

Important Timeline of Maharashtra State

We have provided the Timeline Events of Registration and Stamp Department, Maharashtra State.