Stamp Duty

Stamp duty is payable on market value or agreement value, whichever is higher. The rates of stamp duty for residential / shop / office / industrial gala are 5% of the market value of the property or agreement value, whichever is higher. For property under Mira-Bhayander Municipal Corporation, Thane and Pune, the rate of stamp duty is 6% of market value or agreement value whichever is higher.

The property not covered in Article 25 (d) of schedule 1 of the Bombay Stamp Act 1958, will attract stamp duty at the rate of 5% of the market value, even for residential property [Article 25 (b) (vi) (a)].

The above amount does not include registration fee, which is 1% of the market value or agreement value, whichever is higher, subject to a maximum of Rs. 30,000 (Effective from 1/4/2003).

Stamp duty is charged for every Rs. 500 or part thereof. Registration fee is charged for every Rs. 1,000 or part thereof.