This is why stamp duty on property registration in India differs from one state to another. Home buyers in Delhi pay 6% stamp duty on property registration while it is 3% in Mumbai at present. In Jharkhand, the property registration charge is 3% of the property value. In states like Assam...
Maharashtra Government on Wednesday announced the stamp duty amnesty scheme whereby property purchasers who did not pay stamp duty on purchase agreements can regularise the sale by paying duty with a nominal penalty. Under the scheme, flat-owners who
The government of Maharashtra has reduced the stamp duty on property registrations to 2% for transactions between September 1 and December 31 from current 5%. The stamp duty will be 3% for agreements to be registered between January 1 and March-end. The move, apart from ...
For example, Maharashtra has a cap on stamp duty payable on gift of a residential or agricultural property to one’s spouse, children, grandchildren or wife of a son who has died, at Rs 200, irrespective of the value of the property. Gift comes into effect immediately Owners gifting their...
Stamp duty doubled in Maharashtra from 1.7.09Ankur GargEmail thisPrint this
Stamp duty is one of the major sources of revenue for every state. For the state of Maharashtra, stamp duty is the second largest source of revenue after sales tax. It must be ensured that, in any event, stamp duty is purchased in the name of a person or company who is party to the...
versus Inland Revenue, the Court of Session held that the grant of a lease to a nominee company which was held on bare trust for the owners of the freehold estate under a previously executed deed was a nullity, and thus the stamp duty of �22,000 on the disposal of the estate by ...
The transaction value or the property’s market value, whichever is larger, is used to determine the stamp duty. Either real stamp sheets or an electronic stamping system can be used to pay stamp duty in Haryana. To pay stamp duty, several Indian states have switched to an entirely ...
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of Maharashtra has decided to do away with franking of documents for amounts above Rs 5000. This futuristic method of Stamp Duty (and Registration Fees) collection was launched on July 26, 2013 with IDBI as the participating bank. In Maharashtra collection of stamp duty increased from Rs. 2,...