|
Duty
Offices
____________________________________
The
stamping of documents in the state of Maharashtra is governed by the
provisions of Mumbai Stamp Act, 1958. If the agreement
for sale is executed (signed) by the parties before the stamp duty is paid,
the document is liable to be impounded by the stamp office. Therefore, the purchaser must take care
to have the document stamped or typed on a stamp paper before the parties to
the agreement sign it.
If
the stamping of the document is to be arranged by the purchaser, then he
should tender the document in blank (i.e. without signatures, without filling in other details) to the
General Stamp Office in case of city of Mumbai and in other cases to the
local stamp office where the
flat is situated with the amount of duty to be where the flat is situated
with the amount of stampduty payable
is substantial, then such stamp duty can be paid by pay order drawn on
Reserve Bank of India favoring the Superintendent
of Stamps. The amount of stamp duty is paid by challan in R.B.I. On tendering
the document as above to the General
Stamp Office, the said document can be collected from the stamp office on
showing receipt issued by the stamp office
and on surrendering the token issued to the
purchaser by the stamp office. The addresses of the stamp office in Mumbai are as under –
The
Superintendent of Stamps
General
Stamp Office,
Ground Floor,Town Hall Building,
Shahid Bhagatsingh Road,Fort,
Mumbai 400 023.
Ph: 266 4589, 266 4585.
Office
of the Superintendent of Stamps
First
Floor, B.M.R.D.A. Building,
Bandra (East),
Mumbai 400 051.
Ph: 645 1894.
Stamp
Office
Town
Hall,
Collector's Office Compound,
Thane (West) 400 601.
(The
Thane stamp office is open on Tuesdays and Fridays only and is closed on the
18th of each month for accounts purposes.
If the 18th happens to be Tuesday or Friday, the office will be open on the
next working day)
Stamp Duty
|
|
COMPARISON CHART OF STAMP DUTY ON LEAVE AND LICENSE AGREEMENTS IN
MAHARASHTRA
Effective from 7th May 2005
|
|
Duration
|
12
Months
|
24
Months
|
30
Months
|
48
Months
|
60
Months
|
|
Annual rent plus deposit or money
advanced or to be advanced
|
Resi.
|
Comm.
|
Resi.
|
Comm.
|
Resi.
|
Comm.
|
Resi.
|
Comm.
|
Resi.
|
Comm.
|
|
Less than or equal to Rs. 2,50,000
|
750/-
|
1,500/-
|
1,500/-
|
3,000/-
|
2,250/-
|
4,500/-
|
3,000/-
|
6,000/-
|
3,750/-
|
7,500/-
|
|
Above Rs.2,50,000 and less than or
equal to Rs.5,00,000
|
1,500/-
|
3,000/-
|
3,000/-
|
6,000/-
|
4,500/-
|
9,000/-
|
6,000/-
|
12,000/-
|
7,500/-
|
15,000/-
|
|
Above Rs.5,00,000 and less than or
equal to Rs.10,00,000
|
3,000/-
|
6,000/-
|
6,000/-
|
12,000/-
|
9,000/-
|
18,000/-
|
12,000/-
|
24,000/-
|
15,000/-
|
30,000/-
|
|
Rs. 10,00,000 and above
|
5,000/-
|
10,000/-
|
10,000/-
|
12,000/-
|
15,000/-
|
30,000/-
|
20,000/-
|
40,000/-
|
25,000/-
|
50,000/-
|
STAMP
DUTY FOR SALE DEEDS
Stamp duty and registration values for properties in
various cities and states in India are given below.
________________________________________________________
|
STATE
|
RATE
OF STAMP DUTY
|
REMARKS
|
|
|
|
|
|
Assam
|
8.25%
|
For
agreement value exceeding Rs.1,50,000/-.
|
|
|
3% stamp
duty + additional 5% as surcharge under Delhi Municipal Corporate Act,
1957.
|
Of the
value.
|
|
|
6%
|
Of the
value. If the Property is registered in women's name
|
|
Goa
|
8%
|
For value
more than Rs.1,000/-
|
|
Gujarat
i.
For transfers other than in co-operative society in
urban area.
ii.
For transfer relating to premises in Co-operative
Society registered or deemed to have been registered under Gujarat
Co-operative Society Act, 1961.
|
10%
7.5%
|
On market value of
Property.
On market value of Property.
|
|
Haryana
|
12.5%
|
Value
exceeding Rs.1,000/-
|
|
Himachal Pradesh
|
8%
|
Value
exceeding Rs.1,000/-
|
|
Karnataka
i.
For transfer other than in (ii)
ii.
For transfer effected by Bangalore Development
Authority Act, 1976, relating to a flat as defined in Karnataka
Ownership Flat Act, 1972.
|
10.5%
a.
value upto Rs.5.00 Lakhs – 4%
b.
more than Rs.5.00 Lakhs and upto Rs.15.00 Lakhs –
Rs.20,000/- + 6% for amount in excess of Rs.5.00 Lakhs.
c.
More than Rs.15.00 Lakhs – Rs.80,000/- + 8% for
amount in excess of Rs.15.00 Lakhs.
|
On the market value of
property exceeding Rs.1,000/-.
On market value.
|
|
Kerala
(Property situated within Municipal Corporation)
|
8.5%
|
value of
consideration.
|
|
Madhya Pradesh
|
7.5%
|
Of the
market value.
|
|
Manipur
|
7%
|
On market
value of property or the agreement value whichever is higher.
|
|
Maharashtra
within Municipal limits of Greater Mumbai,Navi
Mumbai, Pune & Thane.
a.
for transfer other than in (b)
b.
if relating premises registered under Maharashtra
Co-operative Societies Act, 1960, or the Maharashtra Ownership Flat
Act, 1963, or the Maharashtra Apartment Ownership Act, 1970.
|
a. Up to Rs.5.00 Lakhs - Rs.8,750/-
b. Above Rs.5.00 Lakhs -
5%
|
On the
market value or the agreement value whichever is higher.
|
|
Meghalaya
|
i.
upto Rs.50,000/- - 4.6 %
ii.
more than Rs.50,000/- and upto Rs.90,000/- - 6 %
iii.
more than Rs.90,000/- and upto Rs.1,50,000/- - 8%
iv.
more than Rs.1,50,000/- - 9.9%
|
Of
agreement value
|
|
Nagaland
|
7.5 %
|
Of the
value
|
|
Orissa
|
14.7 %
|
Of
Agreement Value.
|
|
Punjab
|
6 %
|
Of the
value.
|
|
Rajasthan
|
10 %
|
Of market
value of property.
|
|
Tamil Nadu
|
8%
|
Of market
value.
|
|
Tripura
|
5 %
|
Of the
value.
|
|
Uttar Pradesh
|
Stamp duty
14.5 % under U.P. Town Improvement Act, 1919.
|
Stamp duty
on market value or the agreement value whichever is greater.
|
|
West Bengal
|
7%.
|
Of the
market value.
|
|
|
|
