BCCL Photo, The popular leader of Maharashtra and father of Pankaja Munde, late Gopinath Munde with Balasaheb, Uddhav and Raj Thackeray in this file photo. Yes, you can avail the benefit on registration but the reduced rates are applicable only up till December 2020. Whats is land registration fee for perchasing land Uran Takula. i wish to transfer my flat on my mother name in Mira Bhayander East near Patak road mumbai under gift deed, what shall be the stamp duty and registration cost for 350 sqft ? as gov announce that stamp duty in pune reduce by 1% from when it will applicable ? A bonanza is in store for property buyers also as the Maharashtra government has proposed to rationalise ready reckoner (RR) rates and a 2 per cent cut in stamp duty up to March 31, 2021, in Mumbai. This Online Stamp Duty Ready Reckoner will be helpful for Individuals, Stamp Duty Consultants, Property Registration Experts, Property Lawyers and other real estate professionals for determining property values based on the CTS numbers and corresponding values. Hi Amit, recently the news was published wherein Maharashtra State government has slashed the stamp duty rates from 6% to 5%, which will be applicable for two years only. mai aur mere uncle ham property ka partition karna chahate hai to hame stamp duty lagedi kya. Last updated on August 27, 2020. What is Ready Reckoner Rate in Maharashtra? As a result, the gap between the market values and circle rates has increased in the last four years. I am thankful if you answer my query. Now , home saller want sale the flat inclusive stamp duty, and i want to purchase that flat in mumbai now, To Purchase this flat, how much stampduty will be charges at the time of registration now dated 20.07.2020? BuildWorx Architecture and Design Company, ABA Corp and President (Elect), CREDAI Western UP, * India's No.1 Property Portal. Aadhar card. ... has now been jacked up to Rs 89,770 for the financial year 2020-21. The Chief Minister spoke about the Mumbai-Ahmedabad Bullet Train project when he was asked about the future of the bullet train in an interview conducted by Saamana editor and Shiv Sena MP Sanjay Raut. I have a joint property in thane and I want to gift my part to my daughter or wife Where I will get the Registration + Stamp Duty charges & Ready Reckoner rates? Learning more about the ready reckoner rate in Maharashtra is important if … What will be applicable stamp duty – 5% or 6%? Is there concession in stamp duty registration for NT caste person buyer in Mumbai. BCCL Photo, Balasaheb Thackeray with his son and the current party leader Uddhav Thackeray and his nephew Raj Thackeray. There may be some penalty levied as the transaction happened over three decades ago. Metro Cess (1 percent) is being imposed by the State government to generate funds for the development of several proposed and ongoing metro rail projects in the State. what are the stamp duty rates in miraroad. The stamp duty rates have only been revised in Mumbai, Pune and Nagpur. what is the stamp duty on Gift-Deed ? Welcome to Ready Reckoner a website which entirely covers pan India real estate information like stamp duty, property registration, e-stamping,stamp duty on residential property, stamp duty on commercial property, vastu shastra for flats and offices, home loans,valuation … In this old picture, many known faces including Manohar Joshi, Uddhav Thackeray, Balasaheb Thackeray, Narayan Rane and Raj Thackeray can be seen sharing the frame. The stamp duty applicable up till December 2020 is 2 percent and from January 2021 to March 2021 it is 3 percent.The registration charge; however, remains the same. You can easily … The Maharashtra government hiked RRR which is effective from September 12, 2020. ... Year End 2020 Review And Outlook 2021: CBRE. Now i my staying flat in the name of my father and now this flat transfer to my and my brother name please suggest procedure and what stamp duty is applicable (explain metro cess also). MUMBAI: The Maharashtra government on Friday increased the ready reckoner rates of properties by an average 1.74 per cent. If you intend to register the property by December 2020, then the stamp duty will be Rs 44,220, and the registration charge will be Rs 22,110. Maharashtra hikes ready reckoner rates by 2%, marginal drop for Mumbai The government, however, has offered some relief for properties in Mumbai. Only properties in Mumbai do not attract LBT. Will I get the refund on cancellation? The best way to do so is by getting legal help. How is the stamp duty rate calculated in Mumbai? Your parents would have to be present for the process and the Sub-Registrar office is open for Monday to Saturday for the same. what will be the revised stamp duty and registration charges of property located in Runwal Gardens, Dombivali with agreement value of Rs.53,26,000/- and what will be the registration charges for the same ? I’m looking to buy a property in Mira Road area (Mira Bhayander), can you tell me if the revised stamp duty rates will be applicable here as well and at what rate ? Also, please consult a property agent before taking any action. Maharashtra Ready Reckoner Rates to be declared after 31st May 2020. Stamp duty in Panhala is 6 percent of the agreement value and the registration fee is one percent. Back - Ready Reckoner. The IGR Maharashtra helpline is denying for any change in stamp duty. Registered docs after 10th of August2020 can we get the revised sd benefit. Other details pertaining to stamp duty are mentioned in the table above. is it true ? Yes, these rates are applicable for all areas coming under the various municipal corporations. Immovable property includes plot, residential property, and commercial property. Hi Avinash, as Dombivli falls under MMR, 7 percent stamp duty will be charged till Mar 31,2020. Stamp duty is calculated on the property value or ready reckoner rate, whichever is higher. of Maharashtra (gazette notification, govt. Stamp Duty rates till Dec 31, 2020 will be 2 percent of property value and from Jan to Mar 2021 it will be 3 percent. Dear Mam, Thanks for answering all the queries. As the coalition fell apart this year after the assembly elections, it would be interesting to see if the newly-formed Sena-NCP-Congress alliance lasts its five years. does it has benefits of reduced Stamp Duty ? My BUILDING is redevelop by Builder and for the new flat Received. You can check the official website of stamp and registration department for getting a copy of the same. my property is in kalyan what will be my stamp duty & registration fee However, if the property in consideration is residential or agricultural and is gifted (without any payment) to family members, then, the stamp duty is Rs 200. While the state has lowered the stamp duty on property purchases from the existing 5% to 2% till December 31 2020, the applicable charge will be 3% from January 1, 2021 to March 31, 2021. Hi mam… Maine Navi Mumbai nerul mai 26 lakh ka gaothan properly kharida hai to October 2020 mai stamp duty registration charges kitna hoga. ft. in 2020. The Yuva Sena Chief took oath as an MLA at the Maharashtra Vidha Sabha on November 27. I want to buy house in Mazgaon Area in Mumbai What your builder informed is correct 1% metro cess is introduced recently. I purchase flat for INR.1300000/- at Bhiwandi. So, the reduced rate will be applied in New Panvel, too. Thanks, kya property registration kam huye hain kya. Mumbai: Loan racket busted; seven arres... Mumbai: Loan racket busted; seven arrested with luxury cars worth Rs 6 crore. The stamp duty till December 2020 will be 2 percent, and beyond that, up to March 2021, it will be 3 percent. It is difficult to comment as you have already paid the stamp duty amount to the authority. Generally, the refund is not available. Since a commercial unit includes many amenities, floor space, and security features, the stamp duty on a commercial property is slightly higher as compared to a residential property. is there any refund process initiated for those who have paid 7% in march for registration? However, you can still contact the Stamp duty and Registration Department and check if there is any refund policy. And is this budget covers concession of 1 percent in thane starting from April 2020. I wanted to know current percentage of Stamp duty in Kalyan Dombivili area and what will be the percentage after 1st April. Fact: Ready reckoner rate (or circle rate) is a property’s value established by the government to estimate the stamp duty on that particular property. Mira Road is a part of Thane so stamp duty here is one percent higher than Mumbai. Moreover, the documents required for the registration of the property include: Thus, the Mumbai stamp duty cut will be effective only for a seven-month period, after which the standard 5% stamp duty will be applicable. Hi, So 1% benefit is expected. However, the increase in ready reckoner rates in a location where the market rates are higher won’t affect property buyers much. Lifesaving jab for builders as ready reckoner rates to go down. Although RR rates for Mumbai have been reduced marginally by 0.6%, the average increase for the rest of the state, including MMR, is 1.74%. Manmohan kumar Shrivastav@Shephali Kapoor. FirstNaukri.com - A jobsite for campus hiring! Stamp duty in Navi Mumbai up till December 2020 is 3 percent and from Jan 2021 to Mar 2021 is 4 percent. No order has been issued. ft. in 2016 to INR 4,366 per sq. 6% for females. Only after Maharashtra comes out of … Do we have to add 1% for registration or only the 2% for stampnduty. According to Article 34 of the Maharashtra Stamp Act, that was amended in 2017, stamp duty on gift deeds is three percent of the property’s value. Yes, the property in Vasai will be eligible for the reduction in stamp duty. 2)Stamp duty and registration is charged on the ready reckoner rate or the consideration value of the property, whichever is higher. The difference between the two rates was 10% in 2016 and is now at 16%. 3% (Stamp duty 2% + Local Body Tax (LBT) 1%), 4% (Stamp duty 3% + Local Body Tax (LBT) 1%), Stamp Duty and Registration Charges in Pune, Stamp Duty and Registration Charges in Thane. No, this is not the case. 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