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. Moreover, the ready reckoner rates remained the same for the financial year 2021-22.
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.