Stamps

STAMP DUTY MAHARASHTRA


Current Stamp Duty in Maharashtra State

Year 2021-22
No Extention of Rebate on the Stamp Duty

w.e.f. 1st April 2021 Now stamp duty in Maharashtra is 5%

w.e.f. 1stApril 2021 ONE PERCENT STAMP DUTY WAIVER FOR WOMEN'S

Women home buyers can avail concession of 1% on residential property only and not for land, commercial, and industrial properties. Let us understand how a female can get a stamp duty concession of one percent on conditions.

If women desire to purchase the immovable property (residential only) individually or with a co-owner (only female) can avail of the concession of 1% in stamp duty.

The woman cannot sell the said property to any male person with a lock-in period of 15 years from the date of purchase. If women fail to abide will be liable to pay one percent stamp duty plus interest and penalty on it, from the date of purcahse
Views expressed are personal

Good News Stamp Duty Reduce in Maharashtra

As per the recent updates by the Maharashtra State Government, the latest and current stamp rate in Maharashtra W. E. F. 1st Sep 2020 the stamp duty have been reduce by three (3) percent in Mumbai District and Mumbai Suburban District and by Two (2) percent in the Rest of the Maharashtra State for the period starting from 1st of September 2020 and ending on 31st of December 2020, and from 1st Jan 2021 up to 31st of March 2021 the stamp duty will be Two (2) percent in Mumbai District and Mumbai Suburban District and by One and half (1.5) percent for the Rest of the Maharashtra State.

The Government of Maharashtra have taken right decision in the public interest, and have reduce the stamp duty, and by publishing in the Maharashtra Government Gazette dated 29th August 2020 and Department of Rural Development (Gram Vikas Vibhag) Notification dated 29th August 2020.

MAHARASHTRA STAMP ACT, 1958

The Maharashtra Stamp Act, 1958 is a purely fiscal measure enacted to secure revenue for the State on certain class of instruments, the Act, applies to the whole State of Maharashtra. The act is applied solely on the instruments laid out in the Schedule I to the Act are covered, and all other instruments are either chargeable under the Indian Stamp Act (e.g., transfer of shares) or are not chargeable at all (i.e., if they are not specified under this Act as well as under the Indian Stamp Act).

THE CHIEF CONTROLLING REVENUE AUTHORITY

As per Maharashtra Stamp Act the Inspector General of Registration (IGR) is the Chief Controlling Revenue Authority.

THE STAMP DUTY REGULATED BY ACT's AND RULES

The levy of Stamp Duty in Maharashtra is based on and regulated by the following Acts and Rules;

1. The Indian Stamp Act, 1899.

2. Maharashtra Stamp Act, 1958.

3. The Maharashtra Stamp Rules, 1939.

4. The Maharashtra Stamps Sale and Supply Rules, 1963.

5. The Bombay Stamp Refund Rules, 1963.

6. The Maharashtra Stamp (Determination of True Market Value of property) Rules, 1995.

7. The Maharashtra e payment of Stamp Duty and Refund Rules 2013.

Where to pay stamp duty in Maharashtra.

State Government of Maharashtra have provided various types of facilities to the public for paying Stamp Duty through various mode of payment for stamp duty. With view that the facility for making payment of stamp duty is made easily available to the public therefore different arrangements are in force.
1. Traditional Stamp Paper Authorized Stamp Vendors.
2. Franking, through Authorized Franking Centers in Maharashtra.
3. Electronic Secure Bank and Treasury Receipt (e-SBTR) e-SBTR - Banks.
4. Simple Receipt e-payment GRAS

COLLECTOR OF STAMPS & (JDR) JOINT DISTRICT REGISTRAR

The department is headed by the Inspector-General of Registration who is assisted by a District Registrar for each district who supervises the registration work in the district, who performs the duties connected with the registration of documents. The Sub-Registrar at district head-quarters (who is designated as head-quarters Sub-Registrar) assists the Collector in his work as District Registrar. The District Registrar is vested with all the statutory powers under the Indian Registration Act.

Joint District Registrar also works as the Collector of Stamps for that respective district. The Sub Registrar (SR) works under the (JDR) Joint District Registrar. Office of the Sub Registrar is the place where all the registration work is done. The District Registrar is required to carry out the instructions of the Inspector-General of Registration in all departmental matters. If he has any suggestions to make for the improvement of the registration system, he submits them to the Inspector-General.

The District Registrar gives guidance to the Sub-Registrars in their day-to-day work. He visits the Sub-Registry Offices in his district at least once in every two years and sends his memoranda of inspection to the Inspector-General.

He hears appeals and applications referred to him under sections 72 and 73 of the Indian Registration Act, 1908, against refusals to register documents by the Sub-Registrars under him. Under sections 25 and 34 of the same Act, he is empowered to condone delays in presentation of documents and appearance of executants provided the delay does not exceed four months and to direct registration of the documents concerned on payments of a fine not exceeding ten times the proper registration fees.

He is also competent to order refunds in cases of surcharges and to grant full or partial remission of the safe custody fees in suitable cases. A will or a codicil can be deposited with him in a sealed cover and it can be got registered at the cost of the party desiring it, after the death of the depositor.

Adjudication of stamp duty in Maharashtra.

Any party to a transaction can apply to the Collector of Stamps for adjudication of the stamp duty payable on the instrument who shall determine the duty, if any with which the instrument shall be chargeable. Adjudication of stamp duty on documents produced for the purpose under Section 31. Collector for the purpose of section 31 is referred to the Joint District Registrar or the Collector of Stamps to whom the powers of adjudication is delegated by the Government. However for all purposes the District Collector continues to be the ex officio stamp authority in the district, below are the District wise list of Joint District Registrar & Collector of Stamps.

01. AHEMADNAGAR DISTRICT
02. AKOLA DISTRICT
03. AMRAVATI DISTRICT
04. AURANGABAD DISTRICT
05. BHANDARA DISTRICT
06. BEED DISTRICT
07. BULDANA DISTRICT
08. CHANDRAPUR DISTRICT
09. DHULE DISTRICT
10. GADCHIROLI DISTRICT
11. GONDIA DISTRICT
12. HINGOLI DISTRICT
13. JALGAON DISTRICT
14. JALNA DISTRICT
15. KOLAHAPUR DISTRICT
16. LATUR DISTRICT
17. MUMBAI DISTRICT
18. MUMBAI SUBURBAN DISTRICT
19. NAGPUR DISTRICT
20. NANDED DISTRICT
21. NANDURBAR DISTRICT
22. NASHIK DISTRICT
23. OSMANABAD DISTRICT
24. PALGHAR DISTRICT
25. PARBHANI DISTRICT
26. PUNE DISTRICT
27. RAIGAD DISTRICT
28. RATNAGIRI DISTRICT
29. SANGLI DISTRICT
30. SATARA DISTRICT
31. SINDHUDURG DISTRICT
32. SOLAPUR DISTRICT
33. THANE DISTRICT
34. WARDHA DISTRICT
35. WASHIM DISTRICT
36. YAVATMAL DISTRICT


Note: w. e. f. 29th February 2020 Offices work from Monday to Friday. Above list of Joint District Registrar's Maharashtra etc. are for general information only. We have provided the Help Line Number of Registration and Stamp Department Maharashtra (Pune) if user’s needs further help from the department.

IGR HELP LINE No. 8888007777




How to calculate Market Value & Capital Value

We have explained in details how to calculate Market value of Property, for paying Stamp Duty and Registration Fee, and have explained in details how to calculate Capital Value of property for Municipal Assessment Tax.

How To Pay Stamp Duty And Registration Fee

Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative Banks which are authorized by Reserve Bank of India. With view that the facility of payment of stamp duty is made easily available to the public therefore different arrangements are in force.

Online Leave and License Registration

The Department of Registration and Stamp, Maharashtra State Government had appointed Authorised Service Providers to register Leave and License Agreement in Maharashtra.

Important Timeline of Maharashtra State

We have provided the Timeline Events of Registration and Stamp Department, Maharashtra State.