In Navi Mumbai, there are stamp duty & registration charges

In Navi Mumbai, There Stamp Duty & Registration Charges

Update:Recently,theMaharashtragovernmentincreasedthemetrocessby1%ina numberofcities,includingMumbai,NaviMumbai,Thane,Nashik,Pune,andNagpur. WitheffectfromApril1,2022,thisnewtaxwillbeimplementedtopayforvarious transportationinfrastructureprojectsinthesecities.

Are you searching for new projects in matunga?

StampdutyisoftenataxassessedbytheStategovernmentonthesale&acquisition ofrealestate.However,dependingonthetransactionvalue&ownershiprightsto theproperty,stampdutyratesmaydifferbetweenStates.InNaviMumbai,the stampduty&registrationfeesrangefromsixtosevenpercent,includingaone percentMetroCessthattheStategovernmentonlyrecentlyimplemented.

Charges for registration and stamp duty in Navi Mumbai

InNaviMumbai,thelocalbodytaxisincludedinthesevenpercentstampduty (LBT).Nonetheless,femalehomebuyersreceivea1%discount.

Fees for registration and stamp duty in Navi Mumbai

Gender Stamp Duty rates Registration charges

Female 6%(Stampduty4%+ LocalBodyTax(LBT)1% +MetroCess1%)

ForpropertiesaboveRs 30lakh-Rs30,000.

ForpropertiesbelowRs 30lakh-1%ofthe propertyvalue.

Male 7%(Stampduty5%+ LocalBodyTax(LBT)1% +MetroCess1%)

ForpropertiesaboveRs 30lakh-Rs30,000.

ForpropertiesbelowRs 30lakh-1%ofthe propertyvalue.

Joint(Male+Female) 7%(Stampduty5%+ LocalBodyTax(LBT)1% +MetroCess1%)

ForpropertiesaboveRs 30lakh-Rs30,000.

ForpropertiesbelowRs 30lakh-1%ofthe propertyvalue.

Joint(Male+Male) 7%(Stampduty5%+ LocalBodyTax(LBT)1% +MetroCess1%)

ForpropertiesaboveRs 30lakh-Rs30,000.

ForpropertiesbelowRs 30lakh-1%ofthe propertyvalue.

Joint(Female+Female) 6%(Stampduty4%+ LocalBodyTax(LBT)1% +MetroCess1%)

ForpropertiesaboveRs 30lakh-Rs30,000.

ForpropertiesbelowRs 30lakh-1%ofthe propertyvalue.

Examples

Theregistrationpricewillbeonepercent,orRs25,000,ifthepropertyisworthRs 25lakh.However,theregistrationcostswillbeRs30,000ifthepropertyisworthRs 45lakh.

How is stamp duty calculated in Navi Mumbai?

InNaviMumbai,thehigheroftheReadyReckonerRate(RRR)ortheproperty's valuationisusedtodeterminethestampdutyrate.Youcanusetheonlinestamp dutycalculatortodeterminetheprecisestampdutythatappliestoyourproperty.It takescareofthemanualdifficultiesandaidsincalculatingtheexactamountowing.

How may a property in Navi Mumbai be registered online?

 VisitthewebsiteoftheMaharashtrastamp&registrationdepartmentto makeanonlinestampdutypayment.

 Typeinyourlogininformation.Ifyou'reanewuser,select"newuser registration"andsaveyourinformation.

 Provideanyrelevantproperty-relateddetails,includingsize,price,and location.

 Chooseapaymentgatewayafteryouhavecompletedallthenecessary information.Onthewebsite,alistofallnationalizedbanksisavailable.

 Makethepaymentafterchoosingthebank.Moreover,printthepayment receiptforyourrecords.

You’re looking for Projects in Bhandup we have the Best Properties In Mumbai Like Ready to Move:https://navimumbaihouses.com/properties/search/bhandup/

If you want daily property update details please follow us on Facebook Page / YouTube Channel / Twitter