Do you know that whenever we buy a property in the country, we have to pay some charges which are different from the price of the property. If you do not know, then let us tell you that these charges are stamp duty and registration charges which are applicable separately from the price of the property.

After paying these charges, the property is stamped and it is legally registered. Today we are going to tell you about the stamp duty and registration charges applicable in Maharashtra.

Stamp duty and registration charges in Maharashtra are applicable under the Maharashtra Stamp Duty Act. The Maharashtra Stamp Act was passed in 1958 and all the instruments mentioned in Schedule One on which duty is levied were included in it, but in the year 2017, this law was changed.

What were those changes? You should know what is the criteria for determining stamp duty or say what are the factors that are important.

If you are investing in urban areas or rural areas, then this thing has a huge impact. This is on stamp duty because the rate of stamp duty on property in urban areas is higher than in rural areas. The price of your property also affects the stamp duty rates.

Let us tell you that if you are buying a property worth less than one crore, then the stamp duty will be less and if the price of the property is more than one crore, then you will have to pay more stamp duty.

Now it also affects what kind of property you are buying, that is, whether your property is residential, commercial or commercial. Most commercial properties have higher stamp duty than residential properties, that is, if you are using it for business, then you will have to pay more money as a living space.

How old the property is also plays a very important role in deciding the rate of stamp duty.

If the property is not old, then the stamp duty will be higher and if the property is old, then you will have to pay a little less stamp duty. Let us also tell you that apart from this, there are many factors, such as who is buying the property, this also helps in deciding the stamp duty.

If women are buying the property, then you will have to pay less stamp duty. This is because women are more inclined to invest in property. Inspired by this, the government has taken steps.

Apart from this, if the elders of our house also invest and buy property, then they also get a lot of exemption in storm duty. So now you people must have understood or you must have understood on what basis their rates are or on the basis of which factors this storm duty is decided.

Now let’s talk about Maharashtra because the Maharashtra government had reduced the storm duty significantly after the Corona epidemic. The thinking behind this is that people should invest more in property and the government has also benefited from it.

Let us tell you what are the rates of storm duty in different cities of the state. If we talk about Mumbai, there is 5% storm duty in Mumbai Maya Nagri in which 4% is part of storm duty and 1% is metro cess.

At present, the construction of metro train is going on in full swing in Mumbai. Storm duty is being collected at the rate of 6% in Pune, Thane, Navi Mumbai, Pimpri Chinchwad and Nagpur. Local body tax and transport surcharge have also been included in it. And as we told you in the beginning that in 2017, the amendment was made in the Article 34 of Maharashtra SMT

After that the rate of stamp duty on gift deed was made 3%, but one thing you all must note is that if you have got the property as a gift and it is residential or agricultural land,

You will have to pay the stamp duty rate of 5% only and only on lease deed and also 5% on power of attorney if the property is in municipal corporation area and 3% will be charged if the property is in gram panchayat area, now you have come to know the different rates of stamp duty

Now we will tell you how you can pay it, that is, how you will pay it, it is also important for you to know, you have to pay the stamp duty before the execution of the sale deed or on the next day But if the sale deed is executed outside Maharashtra, then the home buyer gets nine months to pay this stamp duty. If you want to pay stamp duty online then that is also possible now, you just need to login to Maharashtra Stamp Duty Portal GRAS mahakosh.gov.in

You can pay stamp duty by registering yourself on the portal and can also do it directly by clicking on the Pay Without Registration button. If you are paying stamp duty without registration, then you have to choose the option of Citizen in the user type.

Here you will have two options. You can pay the stamp duty and registration fee together or if you want, you can pay both separately. After choosing all these options, fill in all the details of the property and pay immediately and your stamp duty is paid.

Yes, in the end you will definitely have to download the challan. Although it is necessary to pay stamp duty while buying any property, as we were telling you till now, but in some cases you may have to get a refund of stamp duty.

So how will that be possible, it is also not very difficult. You can get a refund only when the stem paper is not usable, the property transaction is illegal or the other party refuses to sign the stem paper.

For refund, you have to first fill an online form and on submitting this form with all the information, you will get the refund. The token number will be generated. What you have to do is to fill this refund token number in a physical application form. After that, go to the Collector of Stamp’s office and submit it and after that you will get your full refund.

What is the registration charge, which you have to pay along with the stamp duty. So if we talk specifically about Maharashtra, then the registration charge is 1 percent of the property, but it is applicable only on those properties and for more information you can use our stamp duty calculator