Useful Info

Stamp Duty Rates for Ownership Flats
(W.E.F.1-5-2006)
 
A Stamp Duty Payable under Article 25(d) of Schedule 1 of the Bombay Stamp Act 1958.
B Stamp Duty for Non – Residential Property is 5%.k
 
Note
 
1 Stamp Duty is payable on market value or agreement value, whichever is higher.
2 The rates of Stamp Duty for shop / office / Industrial gala / Basement are 5% of the market value of the property or the agreement value, whichever is higher.
3 Registration fee is 1 percent of the market value or agreement value whichever is higher subject to Maximum of Rs.30,000 (Effective 1-4-2003).
4 Stamp Duty is Charged, for every Rs.500 or part there of the market value.
5 Registration fee is charged for every Rs.1000 or part there of the market value.
 
Stamp Duty Rates for leave Licence Agreement

(In the District of Mumbai City & Mumbai Suburban District)
As per Article 36(a)(i)(1) (2) of the Schedule I of the Bombay Stamp Act, 1958s

 
Licence Period AAR* Upto
Rs.2,50,000*
AAR* Rs.2,50,001
to Rs.5,00,000*
AAR* Rs.5,00,001
to Rs.20,00,000
AAR* Rs.5,00,001
to Rs.20,00,000
  Resi. Non-Resi. Resi. Non-Resi. Resi. Non-Resi. Resi. Non-Resi.
  Rupees Rupees Rupees Rupees
0-12 Months 600 1200 1200 2400 2000 4000 5000 10000
13-24 Months 1200 2400 2400 4800 4000 8000 10000 20000
25-36 Months 1800 3600 3600 7200 6000 12000 15000 30000
37-48 Months 2400 4800 4800 9600 8000 16000 20000 40000
49-60 Months 3000 6000 6000 12000 10000 20000 25000 50000
AAR*: Annual Average Rent means Average Rent for a period of 12 months, irrespective of period of leave & licence, and includes any Advance rent paid or to be paid and further includes any deposits made or to made, with or without any interest. (Calculation of AAR is the same whether license period is for 1 monh or for 60 months)