Anything You Need to Know About IGR Maharashtra

IGR Maharashtra is the registered office of the Inspector General of Registration and Controller of Stamps, accountable for document registration.

It may easily be claimed that one of the most digitally advanced departments in the world is the Registration and Stamps Office of Maharashtra state. In compliance with the Registration Act, the primary responsibility of the Office of the Inspector General of Registration and Controller of Stamps is to register records and collect revenue.

IGR Maharashtra

The department depends on digital technologies to support residents and to provide services efficiently, to register and gather records using well-defined protocols, under a reasonable time period and in a consistent manner.

 


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IGR Maharashtra: Valuation of Property

Via IGRS Maharashtra, people may determine the stamp duty number for registration purposes. It is necessary to know the true market value of the property for this reason. An Annual Declaration of Prices (ASR), also known as ready reckoner rates, is prepared annually by the agency.

This can be accessed, using the following steps, from the sub-office registrar’s or online:

  • Visit the IGRS Maharashtra website and, under ‘Online Resources’, click e-ASR >> Operation.
  • You will be routed to a new page where a map will be shown. Tap on the location in which the property is located.
  • The ready reckoning prices of the region will be open to you.

 

Maharashtra IGR: Postage tax rebate

The Maharashtra Stamp Act, 1958, requires repayment of stamps bought by people if the object of their use is canceled or if the stamp is defective or overpaid prior to its use.

In order to apply for a refund, the paperwork must be forwarded within the specified time and format to the stamp collector from which the stamps were bought, along with the required documentation.

Necessary Stamp Duty Reimbursement Documents:

  • Online token filling results.
  • Initial stamp paper.
  • Affidavit of the person, if the stamp was bought by hand.
  • The registered letter or signed copy of the attorney’s authority, whether the reimbursement is applied for by an authorized individual.

If the stamps were bought via the franking process:

  • The franchise stamp dealer’s invoice, which accrues stamp duty to the government.
  • Stamp Sales Certificate / Stamp Sales Registry Excerpt.

IGR Maharashtra

IGR Maharashtra: How to measure duty for stamps

On the IGR Maharashtra portal, property buyers can easily measure stamp duty by following these steps:

  • Visit IGR Maharashtra & click under the ‘Online Resources’ section on the’ Stamp Duty Calculator’ option.
  • You will be routed to a new tab where the paper form that needs to be registered can be chosen.
  • To record your property records, choose the ‘Sale deed’ option and then select the authority from Municipal Corporation, Municipal Council, Cantonment, and Gram Panchayat.
  • To get the stamp duty number shown on the phone, input the account balance and market value.

 


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IGR Maharashtra: Index 1, 2, 3 and 4

According to the styles of documents being registered, IGR Maharashtra prepares four kinds of indices:

  • Index 1 and Index 2 are prepared for immovable objects.
  • Index 1 is drawn up according to the original names of the parties in the paper.
  • Index 2 is prepared in the paper according to the village name.
  • Index 3 for Wills is prepared.
  • Index 4 is prepared for movable property.

 

Maharashtra’s IGR: What is Index II?

An abstract of Index II shall be issued by the Registration Department as an official record of a contract or event registered in the records of the Registration Authority confirming the execution of the transaction.

The following information is found in Index II:

  • Form of document: Sale Deed, Sale Deal, Gift Deed, Transfer, Mortgage Deed, Land Swap, etc.
  • Sum of properties considered.
  • Property information, such as local authority, landmark zone, and sub-zone, the definition of property such as CTS number, survey number, hissa number, gat number, floor number, etc.
  • In sq meters, the build-up area of the house.
  • Nature of the house, such as ground, residential unit (flat/room/bungalow), commercial unit (office/shop), and industrial unit.
  • Name of the parties: supplier(s)-vendor(s) / transferor(s)-transferee(s) / assignor(s)-assignee(s), etc.
  • Date of execution.
  • The serial number for registration.
  • Amount of Postage Tax.
  • Fee for registration.

 

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Disclaimer: The views of this expressed above are for informational purposes only based on the industry reports & related news stories. Navimumbaihouses.com does not guarantee the accuracy of this article, completeness, or reliability of the information & shall not be held responsible for any action taken based on the published information.
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