Stamp obligation and enrollment charges in Navi Mumbai.

stamp-obligation-and-enrollment-charges-in-navi-mumbai

The stamp obligation and enrollment charges in Navi Mumbai might shift up to six percent relying on the exchange worth of the property. To find out about the property enrollment cost in the city, read on here.

Update: Recently, the Maharashtra government has reported a one percent refund in stamp obligation if a property is moved distinctly in a lady’s name. All ladies home buyers in Navi Mumbai should pay four percent as a stamp obligation. This discount isn’t relevant to joint proprietors (Male and Female).

Ordinarily, stamp obligation is an assessment imposed by the State government on the deal and acquisition of a property. Nonetheless, the pace of stamp obligation relevant may fluctuate across States according to the exchange worth and possession privileges on the property. In Navi Mumbai, Maharashtra the stamp obligation and enlistment charges differ from five percent to six percent. In any case, the State government sliced the stamp obligation rate to two percent since August 27, 2020. The move came in the light of weakened home purchasing feeling in the city post the COVID-19 explosion.

  • Stamp obligation and enrollment charges in Navi Mumbai

The stamp obligation in Navi Mumbai remains at six percent including the Local Body Tax (LBT). Notwithstanding, to support ladies’ cooperation in the realty area, the public authority has of late declared a one percent discount for female homebuyers.

Stamp duty and registration charges in Navi Mumbai
Gender Stamp Duty rates Registration charges
Male 6% (Stamp duty 5% + Local Body Tax (LBT) 1%) For properties above Rs 30 lakh – Rs 30,000. For properties below Rs 30 lakh – 1% of the property value.
Female 5% (Stamp duty 4% + Local Body Tax (LBT) 1%) For properties above Rs 30 lakh – Rs 30,000. For properties below Rs 30 lakh – 1% of the property value.
Joint (Male + Female) 6% (Stamp duty 5% + Local Body Tax (LBT) 1%) For properties above Rs 30 lakh – Rs 30,000. For properties below Rs 30 lakh – 1% of the property value.
Joint (Male + Male) 6% (Stamp duty 5% + Local Body Tax (LBT) 1%) For properties above Rs 30 lakh – Rs 30,000. For properties below Rs 30 lakh – 1% of the property value.
Joint (Female + Female) 5% (Stamp duty 4% + Local Body Tax (LBT) 1%) For properties above Rs 30 lakh – Rs 30,000. For properties below Rs 30 lakh – 1% of the property value.

Note: The stamp duty charges are applicable on the ready reckoner rate. 
Source: IGR, Maharashtra

For example,

Assuming the property estimation is Rs 25 lakh, the enrollment charge will be one percent, for example, Rs 25,000. Notwithstanding, in the event that the property is esteemed at Rs 45 lakh, the enrollment expenses will be Rs 30,000

  • How to compute stamp obligation in Navi Mumbai?

The stamp obligation rate in Navi Mumbai is determined either on the Ready Reckoner Rate (RRR) or the worth of the property whichever is higher. To figure the specific stamp obligation pertinent to your property, utilize the web-based stamp obligation mini-computer. It wipes out the manual difficulties and works out the right sum payable.

To get to the web-based stamp obligation adding machine, click here

  • How to enroll the property online in Navi Mumbai?

• To pay the stamp obligation online visit the Maharashtra stamp and enlistment division’s site https://gras.mahakosh.gov.in/igr/frmIndex.php

• Enter your login accreditations. On the off chance that you are another client, click on new client enrollment and save the subtleties.

• Fill in all the property-related data like area, cost, and size, among others.

• Once you have given all the applicable data, pick an installment entryway. Every one of the nationalized banks is recorded on the site.

• Select the bank and make the installment. Likewise, print the installment receipt for future reference.

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