Stamp Duty Calculator
Calculate accurate stamp duty and registration fees for property purchases in Maharashtra. Get instant estimates based on property price and buyer gender.
About Stamp Duty in Maharashtra
Stamp Duty Rates
- • Male Buyers: 6% of property value
- • Female Buyers: 5% of property value (1% discount)
- • Joint Ownership: Rates may vary based on ownership ratio
Registration Fees
- • Properties ≥ 30 Lakh: 30,000
- • Properties < 30 Lakh: 1,000
- • Additional Charges: May include documentation fees
Important Notes
- • Stamp duty is calculated on the higher of agreement value or ready reckoner rate
- • Female buyers get a 1% discount on stamp duty rates
- • Additional charges like documentation fees may apply
- • Rates are subject to change based on government policies
Ready Reckoner Rates in Pune
Ready Reckoner rates (also known as circle rates) are the minimum property values set by the government for different areas. Stamp duty is calculated on either the actual transaction value or the Ready Reckoner rate, whichever is higher.
In premium areas like Koregaon Park and Viman Nagar, rates can range from 8,500 to 18,000 per sq.ft, while in developing areas like Wakad and Hinjewadi, rates typically range from 4,500 to 12,000 per sq.ft.
Frequently Asked Questions
When do I need to pay stamp duty?
Stamp duty must be paid at the time of property registration. It is a mandatory payment required before the property can be legally registered in your name.
How can I save on stamp duty costs?
Female buyers enjoy a 1% discount on stamp duty rates in Maharashtra. Additionally, during certain periods, the government may announce temporary reductions in stamp duty rates to boost the real estate market.
What happens if I do not pay the correct stamp duty?
Paying incorrect or insufficient stamp duty can lead to legal complications. The registration office may reject your documents, or you might face penalties and additional payments later if the underpayment is discovered.
Can I pay stamp duty online?
Yes, Maharashtra offers online payment of stamp duty through the GRAS (Government Receipt Accounting System) portal. You can also pay through authorized banks or stamp vendors.