In Navi Mumbai, there are stamp duty & registration charges
Update: Recently, the Maharashtra government increased the metro cess by 1% in a number of cities, including Mumbai, Navi Mumbai, Thane, Nashik, Pune, and Nagpur. With effect from April 1, 2022, this new tax will be implemented to pay for various transportation infrastructure projects in these cities.
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Stamp duty is often a tax assessed by the State government on the sale & acquisition of real estate. However, depending on the transaction value & ownership rights to the property, stamp duty rates may differ between States. In Navi Mumbai, the stamp duty & registration fees range from six to seven percent, including a one percent Metro Cess that the State government only recently implemented.
Charges for registration and stamp duty in Navi Mumbai
In Navi Mumbai, the local body tax is included in the seven percent stamp duty (LBT). Nonetheless, female homebuyers receive a 1% discount.
Fees for registration and stamp duty in Navi Mumbai
| Gender | Stamp Duty rates | Registration charges |
| 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. | ||
| 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 (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. |
Examples
The registration price will be one percent, or Rs 25,000, if the property is worth Rs 25 lakh. However, the registration costs will be Rs 30,000 if the property is worth Rs 45 lakh.
How is stamp duty calculated in Navi Mumbai?
In Navi Mumbai, the higher of the Ready Reckoner Rate (RRR) or the property’s valuation is used to determine the stamp duty rate. You can use the online stamp duty calculator to determine the precise stamp duty that applies to your property. It takes care of the manual difficulties and aids in calculating the exact amount owing.
How may a property in Navi Mumbai be registered online?
- Visit the website of the Maharashtra stamp & registration department to make an online stamp duty payment.
- Type in your login information. If you’re a new user, select “new user registration” and save your information.
- Provide any relevant property-related details, including size, price, and location.
- Choose a payment gateway after you have completed all the necessary information. On the website, a list of all nationalized banks is available.
- Make the payment after choosing the bank. Moreover, print the payment receipt for your records.
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