Atik j.pathan (Self employed ) 31 August 2020

Stamp duty reduction by maharashtra government

Is recent stamp duty reduction by Maharashtra government for land purchase.

Quick Summary

The Maharashtra government has recently reduced stamp duty on property registrations. For transactions between September 1 and December 31, the rate has been lowered from 5% to 2%. This discussion also touches upon whether stamp duty on gift deeds and Power of Attorney (POA) documents has been similarly reduced. For specific advice, consulting a local Sub-Registrar, document writer, or lawyer is recommended.

4 Replies

Dr J C Vashista (Advocate) 01 September 2020

Stamp duty is a State subject, consult area Sub-Registrar / a document writer or a local prudent lawyer, if it is not a question paper.

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 01 September 2020

Yes. The Maharashtra government has reduced the stamp duty on property registrations from 5 per cent to 2 per cent for transactions made between September 1 and December 31.