stamp duty timeline

Important Timeline of Maharashtra State
and Department of Registration and Stamps

1959

16 February 1959

Bombay Stamp Act, 1958 came into force.

1960

01 May 1960

Maharashtra Sate was formed and is celebrated as Maharashtra Day. Bombay State was finally dissolved with the formation of New State Maharashtra and Gujrat.

1980

04 July 1980

Department of Registration and Stamps introduced the concept of market Value for the payment of Tax (Stamp Duty) on conveyance of property.

1984

01 January 1984

Registration and Stamps Department fixed Maximum Registration Fee to Rs. 5000/- or 1% of the Market Value whichever is less. Earlier the Registration Fee was 1% of the Market Value with no Upper Limts.

1985

10 December 1985

The purpose of charging Stamp Duty on Agreement for Sale should be deemed as conveyance has been implemented by Registration and Stamps Department.

1985

12 October 1985

Registration and Stamps Department have given benefit on Stamp Duty u/a 25(d) of Maharashtra Stamp Act, 1958 which came to w.e.f. 16th March, 1988 (Vide Notification dated 11/05/1994).

Article 25(d) was introduced on 17th March 1988. Earlier the Stamp Duty was collected by 10%, 12% and 15% depending on the value of the immovable property.

1988

17 March 1988

Registration and Stamps Department have Introduce Article 25(d) of Maharashtra Stamp Act, 1958.

1989

01 December 1989

Validity Period of Stamps fixed for 6 months only from the date of purchase.

1990

02 July 1990

Registration and Stamps Department had fixed stamp duty to 1% for Developement Agreement. Prior it was Rs. 100/-.

1990

01 March 1990

Registration and Stamps Department has introduced (ARS) Annual Statement Rate (Stamp Duty Ready Reckoner) for the first time for the use of calculating Market Value of Property for ascerting Stamp Duty and Registration Fee. Prior the work was carried on by the Town Planing and Valuation Department.

1994

01 April 1994

Registration and Stamps Department has introduced (ARS) Annual Statement Rate (Stamp Duty Ready Reckoner) for the first time for the use of calculating Market Value of Property for ascerting Stamp Duty and Registration Fee. Prior the work was carried on by the Town Planing and Valuation Department.

1994

01 May 1994

Registration and Stamps Department has made Compulsory for the Purchase Stamp papers in the name of the executing parties singing the instrument.

1995

19 May 1995

Registration and Stamps Department introduce Franking Facilties for public to pay stamp duty through franking the documents, which was Inaugurated at General Stamp Office, Mumbai.

1995

01 September 1995

Registration and Stamps Department fixed Maximum Registration Fee to Rs. 10000/- or 1% of the Market Value whichever is less. Prior (01/01/1984) it was Maximum Rs. 5000/- or 1% of the Market Value .

1995

01 October 1995

Registration and Stamps Department discontinue the practice of sending documents to Pune, were returned back with 2 weeks.

1997

01 April 1997

Registration and Stamps Department fixed Maximum Registration Fee to Rs. 20000/- or 1% of the Market Value whichever is less. Prior (01/09/1995) it was Maximum Rs. 10000/- or 1% of the Market Value.

1997

05 July 1997

Registration and Stamps Department has introduced 2nd Amnesty Scheme for the public to pay the stamp duty on instrument. With Penalty of Rs. 250/-. Which was operative from 05/07/1997 up to 31/03/1998.

1998

26 November 1988

Registration and Stamps Department has introduced 3rd Amnesty Scheme for the public to pay the stamp duty on instrument. With Penalty of Rs. 300/-. Which was operative from 26/11/1998 up to 31/03/1999.

2000

31 March 2000

Registration and Stamps Department made Compulsory to register the Leave and Licence Agreement and Tenancy Agreement Premium (Pagadi) on tenanted premises was legalised.

2001

01 January 2001

Registration and Stamps Department brought the Annual Statement Rate with C. S / C. T. S. No. of the properties.

2001

01 May 2001

Registration and Stamps Department revised Adjudication Fee to Rs. 100/- prior it was Rs. 50/-.

2001

01 May 2001

Registration and Stamps Department reduces Penalty on Deficit Stamp Duty to 2 times (2% per month). Prior the penalty was 10 times (10% per month).

2001

01 June 2001

Registration and Stamps Department waived off requirement of geting Clearance Certificate u/s 230A of Income Tax Act.

2001

25 September 2001

Registration Act, 1908 was amended, with withdrawal of authorities and powers of the Sub Registrar of Delhi, Chennai Kolkatta and Mumbai to register the documents relating to immovable property situated any were in India. This amendement order was w.e.f 01/01/2002 was applicale to Maharashtra State.

2002

01 January 2002

Registration and Stamps Department made it compulsory for affixing the phots of executants and thumb impression on registration documents related to immovable property.

2002

01 February 2002

Registration and Stamps Department started computerization of registration of docuement in Mubai and some other Cities.

2002

01 April 2002

The Capital Gain Tax in the Sale of Immovable Property is to be calculate on the basis of Market Value as arrived by the Stamp Valuation Department as per (ASR) Annual Statement Rate (Stamp Duty Ready Reckoner).

2002

01 May 2002

Registration and Stamps Department have reduced the Stamp Duty on Gift Deed to 2% on Market Value, u/a 34 of Maharashtra Stamp Act, if given to relatives.

2002

01 July 2002

Requirement of obtaning No Objection Certificate under Chapter XXC of Income Tax Act, was waived off.

2002

02 August 2002

Land Mark Judgement was delevered on Stamp Duty regarding Market Value of Property Sold under Goverment Control.

2003

20 January 2003

Registration and Stamps Department made compulsory to produce Commencement Certificate, Occupation or Building Completation Certificate at the the time of registration of document. However if building have been commpleted prior to 25/03/1991 is exempted from this provision.

2003

01 April 2003

Registration and Stamps Department Maharashtra introdue First in India, to help the public through Telephonic Help Line which was Started in Mumbai.

2003

01 April 2003

Registration and Stamps Department fixed Maximum Registration Fee to Rs. 30000/- or 1% of the Market Value whichever is less. Prior (01/04/1997) it was Maximum Rs. 20000/- or 1% of the Market Value.

2003

01 May 2003

Registration and Stamps Department fixed Maximum Registration Fee to Rs. 30000/- or 1% of the Market Value whichever is less. Prior (01/04/1997) it was Maximum Rs. 20000/- or 1% of the Market Value.

2003

15 October 2003

Registration and Stamps Department introduced Registration fee payable through Goverment Challan, Bank Draft or Pay Order.

2004

26 January 2004

Registration and Stamps Department has introduced Forth Amnesty Scheme for the public to pay the stamp duty on instrument. With Penalty of Rs. 1000/-. Which was operative from 26/01/2004 to 31/10/2004.

2004

01 July 2004

Registration and Stamps Department Reduced Stamp Duty to 5%.

2005

07 May 2004

Registration and Stamps Department Introduce Investor Friendly Stamp Duty on Flat Sold within 3 years from the dated of purchased from Builder.

2006

01 May 2006

Registration and Stamps Department Reduced Stamp Duty u/a 25(d) on Residential property to Rs. 7600/- from 8750/- on the Value of Rupees Five Lacs. (Rs. 500000/-).

2006

20 June 2006

Value Added Tax (VAT) is applicable @ 5% of the Sale Value, less cost of land and Labour Charges upto 31/03/2010.

2007

06 June 2007

Registration and Stamps Department, Order of (I.G.R.) Inspector General of Registration made mandatory to take Photos and Thumb Immpression of Witnesses during registration of Instruments.

2008

25 February 2008

The District Deputy Registrar of Co-operative Societies is appointed as competent authority for deemed conveyance.

2008

12 May 2008

Carpet Area was made mandatory on the Sale of Flat.

2008

05 June 2008

Registration and Stamp Department has introduce Investor Friendly Stamp Dudy Amended if Flat is sold within One year prior it was Three Years.

2008

05 June 2008

Stamp Duty was increased from 1% to 5% on Developement Agreement as per conveyance.

2008

09 June 2008

5th Amnesty Scheme announced after two extenstion w.e.f. upto 30/11/2008 and further exteded from 01/12/2008 to 01/03/2009. It was further extended on 02/03/2009 to 31/03/2009. Penalty was Rs. 500 to 1000 as applicable.

2009

11 August 2009

E-Stamping was First introduced in Pune for paying Stamp Duty.

2010

01 April 2010

Value Added Tax on Sale of Flat was reduced to 1% (but on full value).

2010

01 April 2010

Municipal Corporation of Greater Mumbai adopted Capital Value for calculating Assesment Tax (Property Tax). The new system is simple, transparent and self assessable. The implementation has been carried out in the month of December 2012 with the retrospective effect of 01-04-2010

2010

26 August 2010

Rs. symbol was officially adopted on Indian Currency by Goverment of India. Which was designed by D. Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010

2010

31 August 2010

Supreme Court of India dominated that developers cannot sell parking areas as freelance real-estate units. The court dominated that parking area unit as aren’t common areas and facilities.

2010

13 October 2010

Rules were notified for deemed Conveyances.

2011

01 July 2011

Government of Maharashtra, Finiance Department launched Government Receipt Accounting System (GRAS) Registration and Stamps Department made it mandatory for paying stamp duty and penalty through GRAS online.

2011

24 October 2011

Additional 0.33 F.S.I. (Floor Space Index) was made available on payment of premium for Mumbai Suburban District..

2012

06 January 2012

Concept of Funigable F.S.I. (Floor Space Index) introduced.

2012

25 April 2012

Properties in Municipal Corporation, Stamp Duty is 5% u/a 25(d) (slab wise stamp duty rates where deleted)

2012

20 October 2012

Registration and Stamps Department had changed the working time of Few Office in shift from 07:00 A.M to 02:00 P. M. and 02:00 P. M. to 09:00 P. M.

2013

24 April 2013

Amendment of Maharashtra Stamp Act, 2013. (w.e.f : 20/04/2013)
Download English Amendment

2013

01 May 2013

Stamp Duty on Leave and License rationalised in Maharashtra State.

2013

26 July 2013

Registration and Stamps Department introduced Electronic Secured Bank Treasury Receipt (e-SBTR) an online payment system for paying stamp duty and registration fee through I. D. B. I. Bank. (Amount above Rs. 5000/-)

2014

12 February 2014

e-Registration for Leave and License Started.

2014

01 March 2014

Registration Department allowed documents typed on the both side for Registration.

2014

15 March 2014

Registration and Stamps Department made Limitation of Franking amount on document upto 5000/-.

2015

24 April 2015

Amendment of Maharashtra Stamp Act, 2015. w.e.f : 24/04/2015
Download English Amendment    
Download Marathi Amendment

2015

24 April 2015

Registration and Stamps Department have reduced the Stamp Duty on Gift (Land and Residential Property) to 200/- if gifted by Husband, Wife, Son, Daughter, Garand Son Grand Daughter, Daughter-in-law (widow). u/a 34 of Maharashtra Stamp Act.

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2015

24 April 2015

Registration and Stamps Department has increased the Penalty on deficit amount of Stamp Duty to 4 % (maximum 4 times). Prior it was 2 % (maximum 2 times) .

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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.