Navi Mumbai Stamp Duty And Registration Fees
Navi Mumbai Stamp Duty: The Maharashtra government has imposed an extra 1% metro cess in numerous cities, including Mumbai, Navi Mumbai, Thane, Pune, Nashik, and Nagpur. This new tax was implemented on April 1, 2022, to support different transportation infrastructure projects in these cities.
Stamp duty is a tax charged by the state government on the sale and acquisition of real estate. However, the appropriate stamp duty rate may differ among states depending on the transaction amount and ownership rights on the property. The stamp duty and registration fees in Navi Mumbai range from 6% to 7%, including a 1% Metro Cess that was recently implemented by the State government.
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Navi Mumbai stamp duty and registration fees
The stamp duty in Navi Mumbai is 7%, which includes the Local Body Tax (LBT). Female homebuyers, on the other hand, receive a 1% refund.
Stamp duty and registration charges in Navi Mumbai
|
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. |
Note: The stamp duty charges are applicable on the ready reckoner rate (RRR).
As an example,
If the property is worth Rs 25 lakh, the registration price is one percent, or Rs 25,000. If the property is worth Rs 45 lakh, the registration expenses would be Rs 30,000.
How much stamp duty is there in Navi Mumbai?
In Navi Mumbai, the stamp duty rate is based on the Ready Reckoner Rate (RRR) or the property value, whichever is greater. You can use the online stamp duty calculator to determine the precise stamp duty applicable on your property. It reduces manual obstacles and assists in determining the exact amount payable.
How to register a property in Navi Mumbai online?
- Visit the Maharashtra Stamp and Registration Department’s website at https://gras.mahakosh.gov.in/igr/frmIndex.php to pay the stamp duty online.
- Enter your login information. If you are a new user, click on new user registration and fill out the form.
- Fill in all property-related information, such as location, pricing, and size.
- After you’ve entered all of the necessary information, select a payment gateway. The website has a list of all nationalised banks.
- Choose a bank and make your payment. Print the payment receipt for future reference as well.
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Navi Mumbai Stamp Duty & Registration Fees 2023
