Stamp duty and Property Registration Charges in Mumbai

Stamp Duty and Registration Charges are the two critical factors that impact a customer’s property purchasing budget in Mumbai. Stamp duty is a type of property tax paid by the buyer while buying a property of any type, be it freehold/leasehold, land (agricultural/non-agricultural), independent house/flat, residential flat or commercial property. Stamp Duty in Mumbai is levied under the Maharashtra Stamp Duty Act, and the amount is majorly determined on the basis of the location and type of the property. However, to promote affordable housing, the Maharashtra government has reduced stamp duty charges on properties for the next two years in the areas falling under the Mumbai Metropolitan Region Development Authority (MMRDA).

The table below shows various charges applicable to property registration in Mumbai.

Area	Stamp Duty in Mumbai	Registration Charges in Mumbai
Within municipal limits	5% of the market value	1% of the market value
Within limits of Municipal Council/Panchayat/Cantonment of any area within MMRDA	4% of the market value	1% of the market value
Within Gram Panchayat limits	3% of the market value	1% of the market value

Stamp duty rates are calculated on the higher value between the Ready Reckoner rate and the value of the property as stated in buyer-seller agreement.

Factors Affecting Stamp Duty Charges

There are several factors that affect the Stamp Duty charges in Mumbai. These are:

1. Type of property:The type of property to be registered is one of the key determinants of the actual Stamp Charges to be paid by the buyer. For example, stamp duty applicable attracted by a commercial property is higher than residential property.
2. Area/Location of Property:In Mumbai, properties falling in municipal localities and urban areas are charged a higher stamp duty, whereas properties falling in rural/panchayat areas attract lower stamp duty.
3. Market value:The value of the property is another main component that impacts the actual stamp duty charge to be paid by the buyer. In simpler words, higher the value of the property, more will be the Stamp Duty.

How to Pay Stamp Duty and Registration Charges Online?

In Mumbai, the payment of Stamp Duty and Registration Charges can be done online through the Government Receipt Accounting System (GRAS). Follow the steps mentioned below to do the same.

1. Visit the link: https://gras.mahakosh.gov.in/igr/frmIndex.php
2. Choose either ‘Create User Account’ or ‘Pay Without Registration’

If you choose ‘Create User Account’, submit your details and login into your account to pay Stamp Duty and Registration Charges. If you choose ‘Pay Without Registration’, follow the steps below,

3. First, click on the Citizen tab and then click on ‘Make Payment to Register Your Document’
4. Select your option:
   1. Pay Stamp Duty & Registration Fee Together
   2. Pay Stamp Duty Only
   3. Pay Registration Fee Only

5. Fill in all the required fields in the form and click on the ‘Proceed’ button
6. Once all the required details are filled, choose your preferred payment gateway (The website has links with all the major banks).
   
7. Choose your bank and make the payment.