Stamp Duty and Registration Charges in Mumbai: Rates & How to Calculate

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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 -

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.

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%

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

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)

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

Stamp Duty and Property Registration Charges in Mumbai

What Are the Stamp Duty Rates in Mumbai?

Present Stamp Duty and Registration Charges in Mumbai

Stamp Duty in Mumbai as Per Area Type

Stamp Duty on Different Property Deeds in Mumbai

How to Calculate Registration Charges and Stamp Duty in Mumbai?

Steps to Use a Stamp Duty Calculator

How to Pay Stamp Duty and Registration Fees in Mumbai?

Online Procedure

Offline Procedure

Points to Consider before Paying Stamp Duty in Mumbai

What Are the Factors That Affect Stamp Duty in Mumbai?

Are Tax Benefits Available on Stamp Duty and Registration Charges?

Frequently Asked Questions

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

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

✓ Is stamp duty inclusive of GST?

Stamp Duty in Different States & Cities in India

Other articles about Property Tax

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Property Cost	₹5,00,00,000
Registration Fees	₹30,000

Property Cost	₹25,00,000
Registration Fees	1% of ₹25,00,000 = 25,000

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.