Digit
headset_mic account_circle
mail
Sign In
  • Products

    Motor

    • Car Insurance
    • Two Wheeler/Bike Insurance
    • Commercial Vehicle Insurance
    • Taxi/Cab Insurance
    • Auto Rickshaw Insurance
    • Truck Insurance

    Health

    • Health Insurance
    • Super Top-up Health Insurance
    • OPD Health Insurance
    • Arogya Sanjeevani Policy
    • Personal Accident Insurance
    • Corporate Health Insurance

    Other

    • International Travel Insurance
    • Flight Delay
    • Shop Insurance
    • Home Insurance
  • Claims

    • File a Claim
    • File Health Claim
    • File Motor Claim for Garages
    • COVID-19 Assistance
    • Claim Status
  • Renewals
  • Become an Agent
  • Digit Products

    Motor Insurance

    • Car Insurance 25% OFF
    • Two Wheeler/Bike Insurance
    • Commercial Vehicle Insurance
    • Taxi/Cab Insurance 15% OFF
    • Auto Rickshaw Insurance
    • Truck Insurance

    Health Insurance

    • Health Insurance
    • Super Top-Up Health Insurance
    • OPD Health Insurance
    • Arogya Sanjeevani Policy
    • Personal Accident Insurance
    • Corporate Health Insurance

    Other Insurance

    • International Travel Insurance
    • Flight Delay
    • Shop Insurance
    • Home Insurance
  • Claims

    File a Claim

    File Health Claim

    File Motor Claim for Garages

    COVID-19 Assistance

    Claim Status

  • Renewals

    Become an Agent

  • Support
    Sign In
    • edit Edit Policy
    • download Download Policy
    • person_pin My Service Requests
    • check Check Policy Status
    call 1800 103 4448 whatsapp 70260 61234 mail_outline hello@godigit.com

    Our WhatsApp number cannot be used for calls. This is a chat only number.

  • My Account
    account_circle
    • autorenew Renew My Policy
    • download Download My Policy
    logout SIGN OUT
    call 1800 103 4448 whatsapp 70260 61234 mail_outline hello@godigit.com

    Our WhatsApp number cannot be used for calls. This is a chat only number.

  • login
  • about
  • contact
  • careers
More Products

Motor

  • Car Insurance
  • Two Wheeler/Bike Insurance
  • Commercial Vehicle Insurance
  • Taxi/Cab Insurance
  • Auto Rickshaw Insurance
  • Truck Insurance

Health

  • Health Insurance
  • Super Top-up Health Insurance
  • OPD Health Insurance
  • Arogya Sanjeevani Policy
  • Personal Accident Insurance
  • Corporate Health Insurance

Other

  • International Travel Insurance
  • Flight Delay
  • Shop Insurance
  • Home Insurance

Support

close
account_circle
  • edit Edit Policy
  • download Download Policy
  • person_pin My Service Requests
  • check Check Policy Status
  • autorenew Renew My Policy
  • download Download My Policy
logout SIGN OUT
call 1800 103 4448 whatsapp 70260 61234 mail_outline hello@godigit.com

Our WhatsApp number cannot be used for calls. This is a chat only number.

Switch to Digit Insurance

Trusted by 2 crore Indians

  • 1 Year Waiting Period
    Health
    Health
  • Car Side View
    Car
  • trending icon

    Third-party premium has changed from 1st June. Renew now

    Motorcycle Side View
    Bike
  • auto rikshaw
    Commercial
  • COVID-19 covered
    Travel Airplane
    Travel
  • More products
    More
ENTER YOUR CAR NUMBER
keyboard_arrow_right
DON'T KNOW YOUR CAR NUMBER?
keyboard_arrow_right
renew digit policy keyboard_arrow_right

I agree to the  Terms & Conditions

Terms and conditions

    Enter valid registration number
    Please enter valid City name
    DON'T KNOW REGISTRATION NUMBER?
    keyboard_arrow_right
    I KNOW MY REGISTRATION NUMBER
    keyboard_arrow_right
    IT'S A NEW BIKE
    keyboard_arrow_right
    RENEW DIGIT POLICY
    keyboard_arrow_right

    I agree to the  Terms & Conditions

    keyboard_arrow_right
    IT'S A NEW BIKE
    keyboard_arrow_right
    RENEW DIGIT POLICY
    keyboard_arrow_right

    I agree to the  Terms & Conditions

    Most Popular(You can select more than one)

    I agree to the  Terms & Conditions

    As mandated by Spanish Authorities your travel insurance needs to extend 15 days after your trip ends.
    We will extend your coverage period accordingly.

    false false false false false false false false false false false false
    close

    Port my existing Policy

    keyboard_arrow_right
    or renew digit policy keyboard_arrow_right

    I agree to the  Terms & Conditions

    You can select more than one member

    • -+ Max kids
      (s)
    ENTER YOUR REGISTRATION NUMBER
    keyboard_arrow_right
    DON'T KNOW YOUR REGISTRATION NUMBER
    keyboard_arrow_right
    or renew digit policy keyboard_arrow_right

    I agree to the  Terms & Conditions

    Terms and conditions

    Terms and conditions

    Switch to Digit Insurance
    • Health
    • Car
    • Bike
    • Commercial
    • Travel
    • More Products

    Stamp Duty and Property Registration Charges in Mumbai

    stamp duty in mumbai
    (Source: housing.com)

    Buyers need to pay stamp duty and registration charges to the state government while purchasing any movable or immovable assets. The purpose behind paying these charges is to register the property against a buyer’s name in the municipal record.

    According to Section 3 of the Indian Stamp Act, 1899, it is a mandatory payment for legal possession of a property.

    If you plan to buy a property in Mumbai, go through this article to find out applicable registration charges and stamp duty in Mumbai along with other important details.

    What Are the Stamp Duty Rates in Mumbai?

    The Maharashtra Government has revised stamp duty in the state. Earlier, it reduced the stamp duty by 3% from 1st September to 31st December 2020. The applicable reduced rate was 2% from 1st January to 31st March 2021.

    Present Stamp Duty and Registration Charges in Mumbai

     

    Take a look at the current stamp duty in Mumbai in this table illustrated below.

    Stamp Duty

    5% (4% stamp duty+ 1% metro cess)

    Stamp Duty for Men

    5%

    Stamp Duty for Women

    4%

    Home Registration Charges in Mumbai

    ₹30,000 for properties worth above ₹30,00,000. 1% of the property value for properties worth less than ₹30,00,000.

    Stamp Duty in Mumbai as Per Area Type

     

    Here are the stamp duty rates in Mumbai applicable on the sales deed after March 2021 in areas other than urban localities.

    Take a look -

    Areas

    Stamp Duty (% of the market value)

    Areas within the limits of gram Panchayat

    3%

    Areas within the limits of Panchayat/Municipal Corporation/Cantonment Area within Mumbai Metropolitan Region Development Authority

    4%

    Stamp Duty on Different Property Deeds in Mumbai

     

    Here are the applicable stamp duty rates in Mumbai along with the rest of Maharashtra on different property deeds -

    Sales Agreement

    Stamp Duty

    Lease agreement

    5%

    Power of Attorney

    5% for property within the municipal limits. 3% for areas within the gram panchayat.

    Gift sales agreement

    3%

    Gift sales agreement for residential/agricultural property transferred to family members

    ₹200

    Also, if you plan to buy property other than Mumbai, take a look at the table below mentioning the stamp duties applicable to different cities -

    Cities

    Stamp Duty for Men

    Stamp Duty for Women

    Pune

    6%(inclusive of local body tax 1% + 5% stamp duty).

    5%(inclusive of 1% of LBT + 4% stamp duty)

    Navi Mumbai

    6%(inclusive of 1% LBT + 5% stamp stamp duty)

    5%(inclusive of 1%LBT + 4% stamp duty)

    Nagpur

    6%(inclusive of 1%LBT + 5% stamp duty)

    5%(inclusive of 1%LBT + 4% stamp duty)

    Thane

    6%(inclusive of 1%LBT + 5% stamp duty)

    5%(inclusive of 1%LBT + 4% stamp duty)

    Pimpri-Chinchwad

    6%(inclusive of 1%LBT + 5% stamp duty)

    5%(inclusive of 1%LBT + 4% stamp duty)

    The registration for each city is similar to that of Mumbai.

    How to Calculate Registration Charges and Stamp Duty in Mumbai?

     

    The calculation of stamp duty is based on the ready reckoner rates and property value. A ready reckoner rate is the minimum value below which you cannot purchase a property. Stamp duty is mainly charged on a higher ready reckoner rate or the property value.

    This means if a property value is worth ₹60,00,000 and the ready reckoner rate is ₹50,00,000, stamp duty will be applicable on the higher value, that is, ₹60,00,000.

    Now, let’s compute the stamp duty on property in Mumbai for a flat in Worli -

    Reckoner Rate

    ₹75,000 per sq. m

    Flat Size

    1,000 sq.m

    Total Value

    ₹7,50,00,000

    Stamp Duty

    5% of ₹7,50,00,000 = ₹37,50,000

    Calculating property registration charges in Mumbai is also easy.

     

    Here is an illustration for a property worth more than ₹30,00,000 -

    Property Cost

    ₹5,00,00,000

    Registration Fees

    ₹30,000

     

    Conversely, following is an example for a property worth less than ₹30,00,000 -

    Property Cost

    ₹25,00,000

    Registration Fees

    1% of ₹25,00,000 = 25,000

    Steps to Use a Stamp Duty Calculator

    You can skip manual calculation and use an online stamp duty calculator to save time and effort. To use this stamp duty calculator, follow this simple step:

    • Step 1: Visit the stamp duty online calculator page. Select the option based on your requirement, such as “Sales Deed” and “Agreement to sale”.
    • Step 2: Select an area, that is, Municipal Corporation or Gram Panchayat. Choose a municipal corporation area to which you belong, for example, Municipal Corporation Mumbai.
    • Step 3: Enter the consideration property value and market value to get the applicable stamp duty in that area.

    How to Pay Stamp Duty and Registration Fees in Mumbai?

    You can pay registration fees and stamp duty in Mumbai online and offline. Here are the simple steps to follow -

    Online Procedure

    • Visit the official website of GRAS. Select “Inspector General Of Inspection” and click on “Pay Without Registration”.
    • Now select “Citizen and choose “Make Payment to Register Your Document” from the drop-down list. Select “Pay Stamp Duty and Registration Fee Together”.
    • Fill in the online form with relevant information such as district, registrar office and other details.
    • Select the payment mode, bank and enter the captcha to proceed.
    • If you select payment across the bank, you must pay stamp duty in cash or cheque to the listed banks. After the end of the transaction, you will receive a challan. Collect the Government Reference Number for future reference. You will also get details such as the Branch code, CIN and PRN number of the bank.

    Offline Procedure

    You can opt from the following mode to pay property stamp duty and registration charges offline -

    • Stamp Paper
    • Franking

    Points to Consider before Paying Stamp Duty in Mumbai

    Here are a few essential points you need to consider before paying stamp duty in Mumbai -

    • All assets applicable for stamp duty must be stamped before registration or the next working day from the execution date. If a property deed is executed outside the territory, it can be stamped within 3 months. Here, execution means signatures of both the parties involved in the transaction on the agreement.
    • The date of the issued stamp paper must not be more than 6 months from the transaction date.
    • A stamp paper must be in the name of individuals involved in a transaction.

    You can pay stamp duty in Mumbai via adhesive stamps. This adhesive stamp is removed at the execution time so that it is not available for reuse.

    What Are the Factors That Affect Stamp Duty in Mumbai?

     

    Several factors affect the stamp duty in Mumbai. Take a look -

    Factors

    Effect on Stamp Duty Rates in Mumbai

    Property Owner’s Age and Gender

    Only selected states offer a concession in stamp duty to senior citizens. At the same time, cities like Mumbai provide a 1% rebate on stamp duty to female homebuyers. Hence, these two are determining factors for calculating stamp duty in a state or a city.

    Location of a Property

    Stamp duties are always higher in the municipal limits of an urban area. Additionally, areas outside this enjoy lower stamp duties.

    Use and Type of Property

    Stamp duties change based on the commercial and residential property. Stamp duty for commercial property in Mumbai is higher than a residential one. Also, stamp duty varies with flat, independent home or other property types.

    Amenities and Property Status

    Properties with high-end facilities, like an elevator, swimming pools, qualify for higher stamp duty. Also, whether the property is old or new is one of the vital determinants of stamp duty.

    Are Tax Benefits Available on Stamp Duty and Registration Charges?

    Yes. According to Section 80C of the Income Tax Act 1961, expenses related to stamp duties and registration charges directly related to the transfer are eligible for a tax deduction. The maximum deduction limit is ₹1,50,000.

    Individuals and HUFs are eligible to claim deduction under the following circumstances -

    • You can claim tax deduction during the year the actual payment of these expenses is made.
    • The property construction is complete, and you are the legal owner of the respective property.
    • Commercial property, residential plot and resale property are not eligible for a tax deduction. Only new residential property qualifies for exemption.
    • Co-owners in joint ownership can claim a tax deduction on their tax returns. The deduction is based on their share in a property. The maximum deduction limit remains at ₹1,50,000. However, if a taxpayer possesses complete or partial property ownership, he/she cannot claim this tax exemption.
    • If there is a property transfer within 5 years of purchase, you are liable to pay the tax in the assessment year when you transferred this property.

    The property registration in Mumbai increased to 270%. There was a registration of approximately 1.13 lakh properties between September 2020 and July 2021 in Greater Mumbai. The main reason behind it is the reduction in stamp duty in Mumbai.

    So, whether you are a real estate developer or a homebuyer, it is a viable opportunity. Before moving ahead, make sure to check stamp duty rates in Mumbai and calculation procedures to avoid any last-minute inconvenience.

    Frequently Asked Questions

    ✓ Can I get a refund of the stamp duty in Mumbai?

    Yes. You can get a refund of the stamp duty in Mumbai only against specific situations. A few of them are: The stamp paper has errors in information The stamp paper is duly signed, but the transaction is illegal as per Section 31 of Specific Relief Act.

    Yes. You can get a refund of the stamp duty in Mumbai only against specific situations. A few of them are:

    • The stamp paper has errors in information
    • The stamp paper is duly signed, but the transaction is illegal as per Section 31 of Specific Relief Act.

    ✓ What happens if you do not pay the stamp duty in Mumbai?

    You need to pay the outstanding stamp duty along with a monthly 4% penalty on this due amount. Penalty charges change as per the requirement.

    You need to pay the outstanding stamp duty along with a monthly 4% penalty on this due amount. Penalty charges change as per the requirement.

    ✓ Is stamp duty inclusive of GST?

    No. GST and stamp duty are two different taxes. Both have no impact on each other.

    No. GST and stamp duty are two different taxes. Both have no impact on each other.

    Please try one more time!

    Request URL:
    Status Code:
    Request Payload:
    Response Data:

    Stamp Duty in Different States & Cities in India

    Stamp Duty in Rajasthan

    Stamp Duty in Karnataka

    Stamp Duty in Maharashtra

    Stamp Duty in Delhi

    Stamp Duty in Madhya Pradesh

    Stamp Duty in Gujarat

    Stamp Duty in Thane

    Stamp Duty in Mumbai

    Stamp Duty in Pune

    Stamp Duty in Tamil Nadu

    Stamp Duty in Haryana

    Stamp Duty in Punjab

    Stamp Duty in Kerala

    Stamp Duty in West Bengal

    Stamp Duty in Telangana

    Stamp Duty in Uttar Pradesh

    Stamp Duty in Ghaziabad

    Stamp Duty in Chennai

    Stamp Duty in Bangalore

    Stamp Duty in Hyderabad

    Show more

    Other articles about Property Tax

    Property Tax Online

    BBMP Property Tax Bangalore

    GHMC Property Tax Hyderabad

    KMC Property Tax Kolkata

    SDMC Property Tax South Delhi

    MCGM Property Tax Mumbai

    NMMC Property Tax Navi Mumbai

    MCG Property Tax Gurgaon

    PCMC Property Tax Pune

    MCD Property Tax Delhi

    GVMC Property Tax Visakhapatnam

    Property Tax in Chennai

    Commercial Property Tax

    PMC Property Tax in Pune

    Ahmedabad Municipal Corporation Tax (AMC)

    Ghaziabad Nagar Nigam Property Tax

    A Khata Property Tax

    B Khata Property Tax

    Property Tax in Kanpur

    IMC Indore Property Tax

    Show more

    Switch to Digit Insurance

    close
    digit
    Health
    digit
    Car
    digit
    Bike
    digit
    Commercial
    digit
    Travel
    digit
    Property
    1. Digit Insurance
    2. Property Tax Online
    3. Stamp Duty
    4. Stamp Duty in Mumbai

    Last updated: 2022-06-15

    Digit
    • about
    • contact
    • career
    Products
    • Car Insurance
    • Bike Insurance
    • Travel Insurance
    • Health Insurance
    • Property Insurance
    • Shop Insurance
    • Group Health Insurance
    • Arogya Sanjeevani Policy
    • Commercial Vehicle Insurance
    • Super Top-up Health Insurance
    • Flight Delay
    Resources
    • Blog
    • Press
    • Download Policy
    • Grievance Redressal Procedure
    • Cancel e-Mandate
    Agent & Partnerships
    • Become an Agent
    • Become Digit POSP
    • Garages claim intimation
    Services
    • Claims
    • Renewals
    • Digit Cashless Garages
    • Digit Cashless Hospitals
    Get our app
    Download man
    App Store Google Play

    Other Products
    • Fire Insurance
    • Burglary Insurance
    • Building Insurance
    • Bus Insurance
    • Tractor Insurance
    • Commercial Van Insurance
    • Passenger Carrying Vehicle Insurance
    • Heavy Vehicle Insurance
    • Goods Carrying Vehicle Insurance
    • Activa Insurance
    • Jupiter Insurance
    • Bullet Insurance
    Health Insurance Guides
    • Individual Health Insurance
    • Family Health Insurance
    • Health Insurance for Parents
    • Health Insurance Premium Calculator
    • Compare Health Insurance
    • Health Insurance for Senior Citizens
    • Health Insurance with Maternity Cover
    • Corona Kavach Policy
    • Corona Rakshak Policy
    • हेल्थ इन्शुरन्स
    • फैमिली हेल्थ इन्शुरन्स
    Car Insurance Guides
    • Third Party Car Insurance
    • Comprehensive Car Insurance
    • Zero Depreciation Car Insurance
    • NCB in Car Insurance
    • IDV Calculator for Car
    • Bumper to Bumper Car Insurance
    • Car Insurance Calculator
    • Own Damage Car Insurance
    • Comprehensive vs Third Party Insurance
    • Compare Car Insurance
    • Find Vehicle Registration Details Online
    Bike Insurance Guides
    • Third Party Bike Insurance
    • Comprehensive Bike Insurance
    • Zero Depreciation Bike Insurance
    • NCB in Two Wheeler Insurance
    • IDV Value Calculator for Bike
    • Add-on Cover in Bike Insurance
    • Bike Insurance Calculator
    • Own Damage Bike Insurance
    • Comprehensive vs Third Party Bike Insurance
    • Compare Bike Insurance
    • Royal Enfield Insurance
    • TVS Insurance
    • Hero Bike Insurance
    Other Guides
    • Types of Insurance
    • Types of General Insurance
    • Types of Motor Insurance
    • International Driving License
    • Visa on Arrival for Indians
    • Visa Free Countries for Indians
    • Comprehensive vs Zero Depreciation
    • Coronavirus Health Insurance
    • Coronavirus Symptoms Checker
    • Indian Passport Rank
    • Digit Illness Group Insurance
    • Hero Splendor Insurance
    • Access Insurance
    • Scooty Insurance
    Calculators
    • SME Buddy Calculator
    • Home Loan EMI Calculator
    • Bike Loan EMI Calculator
    • Car Loan EMI Calculator
    • HRA Exemption Calculator
    • Sukanya Samriddhi Yojana Calculator
    • SIP Calculator
    • RD Calculator
    • SWP Calculator
    • GST Calculator
    • PPF Calculator
    • Personal Loan EMI Calculator
    • EMI Calculator
    • Individual Income Tax Slab
    • Tax Saving Options other than 80C
    Finance Guides
    • What is Credit Score
    • Public Provident Fund
    • How to Open PPF Account?
    • How to open Sukanya Samriddhi Account
    • What is GST?
    • GST Registration in India
    • PAN Card
    • Aadhaar Card
    • Property Tax
    • Road Tax
    • Passport Process
    • Income Tax Slabs
    • How to Save Income Tax in India
    • Tax Deductions under Section 80C
    Traffic Rules
    • PUC Certificate
    • Vehicle Registration Certificate
    • New Traffic Fines
    • Fine for Driving without Helmet
    • Types of Driving Licence in India
    • Driving Licence in Delhi
    • Driving Licence in Bangalore
    • Driving Licence in Jaipur
    • Bangalore Traffic Fines
    • Pune RTO Fine
    • Own Damage Insurance
    Business Products
    • Business Insurance
    • Management Liability Insurance
    • General Liability Insurance
    • Workmen Compensation Insurance
    • Fidelity Insurance
    • Professional Liability Insurance
    • Money Insurance Policy
    • Sign Board Insurance
    • Plate Glass Insurance
    • Erection All Risk Insurance
    • Contractors' All Risks Insurance
    • Directors and Officers Liability Insurance
    • Marine Cargo Insurance
    • Contractors Plant and Machinery Insurance
    RTO Offices in India
    • RTO Office
    • RTO Pune
    • RTO Ahmedabad
    • RTO Bangalore
    • RTO Mumbai
    • RTO Delhi
    • RTO Lucknow
    • RTO Thane
    • RTO Chennai
    Important Links
    • Digit Insurance Reviews
    • Car Insurance Reviews
    • Bike Insurance Reviews
    • Commercial Vehicle Insurance Reviews
    • Travel Insurance Reviews
    • Health Insurance Reviews
    • Mobile Insurance Reviews
    • Become a Digit Partner
    • General Insurance Agent
    • Health Insurance Agent
    • Motor Insurance Agent
    Car Brands & Models
    • Maruti Insurance
    • Toyota Car Insurance
    • Tata Car Insurance
    • Hyundai Car Insurance
    • Kia Car Insurance
    • Mahindra Car Insurance
    • Tata Tiago Insurance
    • Tata Nexon Insurance
    • Hyundai i20 Insurance
    • Creta Insurance
    • Baleno Insurance
    Downloads Do Not Disturb (DND) Public Disclosures Stewardship Policy IRDAI Privacy Policy

    CIN: U66010PN2016PLC167410, IRDAI Reg. No. 158.

    Go Digit General Insurance Limited (formerly known as Oben General Insurance Ltd.) - Registered Office Address - 1 to 6 floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No.1579, Shivaji Nagar, Pune-411005, Maharashtra | Corporate Office Address - Atlantis, 95, 4th B Cross Road, Koramangala Industrial Layout, 5th Block, Bengaluru-560095, Karnataka