Premium starting ₹150
94% Claims Settled (FY 24-25)

Premium starting ₹150
94% Claims Settled (FY 24-25)
Property buyers in Maharashtra and other Indian states are obligated to pay taxes on movable or immovable assets. This tax gets stamped and referred to as stamp duty Maharashtra charges.
This tax is used to pay to gain property ownership and registration in Municipal records. Section 3 of the Indian Stamp Act, 1899 further legalises the payment of registration and stamp duty charges.
Keep reading to learn about the property stamp duty in Maharashtra and the other necessary details.
The Bombay Stamp Act 1958 or the Maharashtra Stamp Act 1958 absolves every property owner in the state to pay stamp duty Maharashtra charges.
Recently, specific changes have been made in the Maharashtra Stamp Act that deals with the electronic payment of stamp duty, gift deeds stamp duty, new penalty clauses, and changes in stamp duty amount under specific clauses.
Maharashtra Government announced stamp duty reduction in August 2020 till March 31, 2021. However, as per the recent reports, in 2023 the stamp rates remain the same as 2022. Hence, accordingly the current stamp rate in Maharashtra ranges between 6% and 7% depending on the cities.
A taxpayer must submit a registration sale deed to substantiate that a property is registered in a woman's name.
Let’s check what the current stamp duty in Maharashtra is and other related charges.
You may also like what's covered in Digit's Property Insurance policy?
The current registry charge in Maharashtra is 1% of the total property cost.
Here is the applicable stamp duty in Maharashtra. Individuals should check the list before paying the taxes:
Locations in Maharashtra |
Stamp Duty in Maharashtra (For Men) | Stamp Duty in Maharashtra (For Women) | Property Registration Charges in Maharashtra |
Within the limits of any Panchayat / Municipal Council / Cantonment Area within MMRDA | 4%Â | 3% | 1%Â |
Within the limits of any Gram Panchayat | 3% | 2% | 1%Â |
Within the municipal limits of any urban area | 6% | 5% | 1%Â |
Cities in Maharashtra |
Stamp duty rates applicable for women | Stamp duty rates applicable for men | Registration charges applicable |
Pune | 6% (including 1% metro cess) | 7% (including 1% metro cess) | For properties costing above ₹30 Lakh it is ₹30,000 1% property cost for properties exceeding ₹30 lakh |
Mumbai | 5% (including 1% metro cess) | 6% (including 1% metro cess) | 1% of the property cost for properties worth below ₹30 lakh |
Navi Mumbai | 6% (including 1% metro cess, transport surcharge and local body tax) | 7% (including 15 metro cess, transport surcharge and local body tax) | 1% of the property cost for properties worth below ₹30 lakh |
Thane | 6% (including 1% metro cess, transport surcharge and local body tax) | 7% (including 1% metro cess, transport surcharge, and local body tax) | 1% of the property cost for properties worth below ₹30 lakh |
Nagpur | 6% (including 1% metro cess, transport surcharge and local body tax) | 7% (including 1% metro cess, transport surcharge, and local body tax) | 1% of the property cost for properties worth below ₹30 lakh |
Pimpri-Chinchwad | 6% (including 1% metro cess, transport surcharge, and local body tax) | 7% (including 1% metro cess, transport surcharge, and local body tax) | 1% of the property cost for properties worth below ₹30 lakh |
Â
The applicable stamp duty on property in Maharashtra and the related property deeds are as follows.
[2]
Sales Agreement |
Stamp Duty |
Lease agreement |
5% |
Stamp duty on gift deed in Maharashtra |
3% |
Power of Attorney |
5% on property within municipal areas and 3% on properties within the gram panchayat provisions. |
Residential or agricultural property gift sales agreement transferred to family members |
₹200 |
Â
The calculation of plot registration charges in Maharashtra depends on two factors - property valuation and fixed reckoner rate.
The reckoner rate is fixed by the State Government depending on the economic conditions of the country. This is basically a minimum value set by the Government below which an individual can't purchase a property.
A reckoner rate is usually charged on high property value.
Hence, if a property value is ₹70,00,000 and the reckoner rate is ₹60,00,000, then the stamp duty will be charged on the property value.
Let’s take an example to understand the Maharashtra stamp duty on a flat in Mumbai.
Reckoner Rate |
₹80,000 per sq. m |
Flat Size |
1,000 sq.m |
Total Value |
₹8,50,00,000 |
Stamp Duty |
5% of ₹8,50,00,000 = ₹4,250,000 |
Individuals can find smart tools such as stamp duty calculators in financial institutions or public websites. These tools help calculate the required payment within seconds.
The steps for the same are as follows.
Individuals can pay the registration fees and stamp duty on land purchase in Maharashtra online by following these steps.
The online steps are as follows:
Individuals will receive a challan detailing reference Number, CIN, branch code and PRN number.
Individuals can choose from the below mentioned mode to pay property stamp duty and registration charges offline:
Here are a few essential points you need to consider before paying stamp duty in Maharashtra -
Several factors affect stamp duty in Maharashtra. Here they are as follows:
Factors |
Effect on Stamp Duty Rates in Mumbai |
Property Owner’s Age and Gender |
Most states allow concession on stamp duty to senior citizens. Additionally, female homebuyers get a 1% rebate on stamp duty in Maharashtra. |
Type of Property |
Stamp duties can differ on commercial and residential property. Stamp duty on residential property in Maharashtra is lower than commercial ones. |
Property Status |
Properties located in primary locations and surrounded by amenities hold high value in the market. Naturally, stamp duty will be higher. Moreover, new properties also have a high value. Individuals should know that properties located in municipal areas have high stamp duty. |
Section 80C of the Income Tax Act 1961 allows a tax deduction on registration charges and stamp duties.
Individuals and HUFs can claim deduction only on new properties. However, there are no tax exemptions on residential plots, resale property and commercial buildings.
There are also tax deductions applicable for joint owners. Here maximum deduction limit is up to ₹1,50,000.
Hence individuals planning to purchase a property in state can check above discussion on stamp duty Maharashtra.
They can also keep a tab on latest news on stamp duty in Maharashtra and make savings accordingly.