Charges For Registration And Stamp Duty In Thane
In India, every State government imposes a stamp duty levy on property transfers. The location, type of property, and ownership title all affect these stamp duty fees differently. Find out all there is to know about Thane’s stamp duty and registration fees, including how to calculate them. According to the most recent declaration, Thane’s stamp duty has gone up by 1% since, starting on April 1, 2022, the government plans to impose a 1% metro cess on all real estate transactions. Homebuyers in Thane will now be required to pay stamp duty fees equal to 7% of the property’s worth.
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Stamp Duty & Registration Department
The Maharashtra government promised a 1% stamp duty discount in 2021 for property transfers made only in a woman’s name. In Thane, the stamp duty rate will be 4% for all female homebuyers. Joint owners are not eligible for this reimbursement (Male and Female). The Maharashtra government had earlier in March 2020 announced a 1% cut in the stamp duty for properties under the Mumbai Metropolitan Region Development Authority (MMRDA), which includes Thane, Navi Mumbai, and Mumbai.
Finding and choosing a home, setting up the funds, or signing the sale contract are just the beginning of buying a home. In fact, in order to finish the entire process of buying a home, one must also register the home so that it can be transferred legally into their name. It is essential to contact the city’s Stamp Duty & Registration Department for this.
Home buyers in Thane, Maharashtra, must go to the sub-office registrar’s for the same. By registering the property, the buyer establishes their status as the property’s legal owner and obtains protection from any ensuing disputes. Only once the stamp duty & registration costs have been paid at the registrar’s office is the process of registering a property in Thane considered to be complete. These fees are assessed on every property transaction that takes place in the State because they are a significant source of revenue for the State government.
Charges for registration and stamp duty in Thane
In Thane, stamp duty rates are at seven percent (including 1 percent LBT and 1 percent Metro Cess). As a result, in order to determine your entire outlay for the acquisition of the home in Thane, it is essential to compute the stamp duty & registration fees.
Charges for registration and stamp duty in Thane
| Gender | Stamp Duty rates | Registration charges |
| Male | 7% (Stamp duty 5% + Local Body Tax (LBT) 1% + metro cess 1%) | For properties above Rs 30 lakh – Rs 30,000. |
| For properties below Rs 30 lakh – 1% of the property value. | ||
| Female | 6% (Stamp duty 4% + Local Body Tax (LBT) 1% + metro cess 1%) | For properties above Rs 30 lakh – Rs 30,000. |
| For properties below Rs 30 lakh – 1% of the property value. | ||
| Joint (Male + Female) | 7% (Stamp duty 5% + Local Body Tax (LBT) 1% + metro cess 1%) | For properties above Rs 30 lakh – Rs 30,000. |
| For properties below Rs 30 lakh – 1% of the property value. | ||
| Joint (Male + Male) | 7% (Stamp duty 5% + Local Body Tax (LBT) 1% + metro cess 1%) | For properties above Rs 30 lakh – Rs 30,000. |
| For properties below Rs 30 lakh – 1% of the property value. | ||
| Joint (Female + Female) | 6% (Stamp duty 4% + Local Body Tax (LBT) 1% + metro cess 1%) | For properties above Rs 30 lakh – Rs 30,000. |
| For properties below Rs 30 lakh – 1% of the property value. |
How are stamp duty & registration fees determined in Thane?
Following is a breakdown of the Thane stamp duty rates & registration fees for a property acquisition of Rs. 50 lakh:
5% stamp duty is Rs. 2.5 lakh.
LBT @1% – Rs. 50,000,
Metro Cess @1% – Rs. 50,000
Fees for registration: Rs 30,000
There will be a total of Rs. 3.8 lakh due.
Property tax exemptions and rebates for Thane
Property owners in Thane receive an additional 10% reduction when paying their property taxes in full and on time.
How do I register a property in Thane online?
- Visit gras.mahakosh.gov.in to access Thane’s online property registration portal.
- In the event that you have previously registered, enter the login information. Choose “new user registration” & save your details if you’re a new user.
- Include the property’s location and any pertinent information.
- Select a payment gateway after entering all the necessary information. On the website, a list of all nationalized banks is available.
- Make the payment after choosing the bank. Print the payment receipt as well for your records.
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