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Mumbai and Maharashtra Stamp duty and Registration

 
 

Stamp duty and registration are compulsory for property agreements. Be aware of the market value of your property and the stamp duty to be paid on it. Sometimes the value determined as per the government's stamp duty table is higher than the market value of the property. The valuation for stamp duty is fixed by the government and has nothing to do with the agreement value. However if your transaction cost is higher than the government fixed valued, then you're expected to pay stamp duty on the agreement value.

Maharashtra Department of Stamps and Registration
You need to know the division/village name and C.S. /C.T.S. number of your property.

From the Ready Reckoner, locate your valuation zone and sub-zone with the help of the division/village name and C.S./C.T.S. number of your property.

From the table know your rate per square meter, then multiply the rate with the built up area of your property in square meters. You will get a value. Reduce or increase this value for lift and depreciation as per the valuation factors given in the Ready Reckoner and you will get a market value. Find out the stamp duty amount applicable to you as per the market value.
The Department also does this procedure for you for a nominal fee.

The process of valuing the property and arriving at its market value and ascertaining the proper stamp duty is called adjudication. For adjudication, one can apply to the Collector of Stamps along with copy of the agreement containing the details of the property.

The adjudication fee payable is Rs.100.

In case of a signed document, adjudication must be done within one month otherwise two percent interest per month will be levied as penalty from the date of signature. An adjudicated unsigned document is valid up to six months from the date of adjudication order up to December 31 of that year whichever is earlier

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.