Stamp Duty

Stamp duty is a mandatory state government tax on property transactions. In India, rates vary from 3-8% of market or transaction value (whichever is higher). In Maharashtra (Mumbai/Pune), it is currently 6% in Mumbai municipal areas and 7% elsewhere, with 1% concession for women buyers.

Registration charges of 1% (up to ₹30,000) apply in addition. Stamp duty is also applicable on loan agreements at a lower rate (0.1-0.2% of loan amount). Stamp duty paid is eligible for Section 80C deduction up to ₹1.5 lakh.

Stamp duty can add 6-7% to property cost in Maharashtra. Factoring this in prevents financial surprises during property purchase.

Nihal Fintech helps Mumbai and Pune clients understand applicable stamp duty rates, concessions, and total acquisition costs beyond the property price.