NARAINS CORP - Real Estate for NRi's (Non Residential Indians), Frequently Asked Questions for NRI's.

Stamp Duty

A listing of Stamp Duty values for properties in Mumbai.

Residential

Maharashtra

NEW STAMP DUTY RATES ON INSTRUMENTS RELATING TO SALE OF PROPERTY
IN A CO-OPERATIVE HOUSING SOCIETY, ETC. ARE AS FOLLOWS:

REMARKS

within Municipal limits of Greater Mumbai,Navi Mumbai, Pune & Thane.

if relating premises registered under Maharashtra Co-operative Societies Act, 1960, or the Maharashtra Ownership Flat Act, 1963, or the Maharashtra Apartment Ownership Act, 1970.

Where the value of property does not exceed Rs.2,50,000/- Rs.100

Where the value of property exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/- Rs.100 plus 3% of the value above Rs.2,50,000/-

Where the value of property exceeds Rs.5,00,000/- Rs.7,600 plus 5% of the value above Rs.5,00,000/-

On the market value or the agreement value whichever is higher.

Commercial

FROM 7TH MAY, 2005 ONWARDS STAMP DUTY ON LEAVE & LICENCE AGREEMENT SHALL BE APPLICABLE AS FOLLOWS :
	12 MONTHS		24 MONTHS		36 MONTHS		48 MONTHS		60 MONTHS
	Residential	Commercial	Residential	Commercial	Residential	Commercial	Residential	Commercial	Residential	Commercial
A) Where the amount of Average Annual Rent plus Security Deposit or Money Advanced or to be Advanced is Rs. 1 to Rs. 2,50,000/-	750/-	1,500/-	1,500/-	3,000/-	2,250/-	4,500/-	3,000/-	6,000/-	3,750/-	7,500/-
B) Where the amount of Average Annual Rent plus Security Deposit or Money Advanced or to be Advanced is Rs. 2,51,000/- to Rs. 5,00,000/-	1,500/-	3,000/-	3,000/-	6,000/-	4,500/-	9,000/-	6,000/-	12,000/-	7,500/-	15,000/-
C) Where the amount of Average Annual Rent plus Security Deposit or Money Advanced or to be Advanced is Rs. 5,01,000/- to Rs. 20,00,000/-	3,000/-	6,000/-	6,000/-	12,000/-	9,000/-	18,000/-	12,000/-	24,000/-	15,000/-	30,000/-
D) Where the amount of Average Annual Rent plus Security Deposit or Money Advanced or to be Advanced is Rs. 20,00,000/- & Above	5,000/-	10,000/-	10,000/-	20,000/-	15,000/-	30,000/-	20,000/-	40,000/-	25,000/-	50,000/-

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