What is the stamp duty on property purchase in Maharashtra and how is it calculated?
Updated · 26 July 2026
Stamp duty in Maharashtra is 5% for male buyers and 4% for female buyers of the higher of market value or agreement value. A 1% metro cess applies within Mumbai's BMC limits. Registration charges are 1%, capped at ₹30,000. Total outlay in Mumbai is typically 6–7% of the purchase price.
What are the current stamp duty rates in Maharashtra?
FY 2025-26: 5% for male buyers; 4% for female buyers; 4.5% for joint (male + female). Additional 1% metro cess applies within BMC limits, making effective rates 6% (men) and 5% (women) in Mumbai city.
Registration charge: 1% of market value, capped at ₹30,000 for residential properties.
Housing society transfer charges: separate from stamp duty; typically ₹25,000–₹50,000 in Mumbai co-operative societies — negotiated between buyer and society.
Registration charge: 1% of market value, capped at ₹30,000 for residential properties.
Housing society transfer charges: separate from stamp duty; typically ₹25,000–₹50,000 in Mumbai co-operative societies — negotiated between buyer and society.
How is the taxable value determined — agreement price or circle rate?
Maharashtra uses the ready reckoner rate (Annual Statement of Rates / ASR) as the floor. If your flat's agreed price is below the ready reckoner value for that area, floor, and construction type, stamp duty is calculated on the higher ready reckoner value.
Check the current ASR at igrmaharashtra.gov.in → Online Services → e-ASR. Rates vary by locality, floor, construction type, and amenities.
Undervaluing a property carries a penalty of up to 10 times the stamp duty shortfall under Sections 33–39 of the Maharashtra Stamp Act.
Check the current ASR at igrmaharashtra.gov.in → Online Services → e-ASR. Rates vary by locality, floor, construction type, and amenities.
Undervaluing a property carries a penalty of up to 10 times the stamp duty shortfall under Sections 33–39 of the Maharashtra Stamp Act.
What exemptions and concessions are available?
- Women buyers: 1% reduction (4% instead of 5%).
- Family gift deeds: Transfer to blood relatives (parent, sibling, spouse, child) attracts stamp duty of only ₹200 under Article 34 — a major saving on high-value transfers.
- Affordable housing (PMAY): Concessional stamp duty — check current notifications on igrmaharashtra.gov.in.
- MHADA / SRA schemes: Stamp duty concessions exist for slum rehabilitation and redevelopment projects.
Step by step: how to pay stamp duty and register in Maharashtra
1. Calculate stamp duty using the igrmaharashtra.gov.in ASR tool.
2. Pay online via GRAS (gras.mahakosh.gov.in) — net banking, RTGS, or NEFT; download challan.
3. Execute the sale deed on stamp paper or franked after GRAS payment.
4. Book an SRO appointment on igrmaharashtra.gov.in.
5. Attend the Sub-Registrar's Office with both parties, identity proofs, PAN cards, GRAS receipt, and NOC from builder/society.
6. Complete Aadhaar e-KYC biometric verification.
7. Receive the registered document — typically same day or within 2 working days.
2. Pay online via GRAS (gras.mahakosh.gov.in) — net banking, RTGS, or NEFT; download challan.
3. Execute the sale deed on stamp paper or franked after GRAS payment.
4. Book an SRO appointment on igrmaharashtra.gov.in.
5. Attend the Sub-Registrar's Office with both parties, identity proofs, PAN cards, GRAS receipt, and NOC from builder/society.
6. Complete Aadhaar e-KYC biometric verification.
7. Receive the registered document — typically same day or within 2 working days.
Reference Citation: Maharashtra Stamp Act, 1958; Maharashtra Registration Rules; Inspector General of Registration — Annual Statement of Rates (ASR)
Disclaimer: Content provided here is for general legal knowledge only and does not constitute formal legal advice. If you have an urgent or specific matter, please consult a registered advocate.