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Ready Reckoner |
Stamp Duty |
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COMPARISON CHART OF STAMP DUTY ON LEAVE AND LICENSE AGREEMENTS IN MAHARASHTRA
Effective from 7th May 2005
|
| Duration |
12 Months |
24 Months |
30 Months |
48 Months |
60 Months |
| Annual rent plus deposit or money advanced or to be advanced |
Resi. |
Comm. |
Resi. |
Comm. |
Resi. |
Comm. |
Resi. |
Comm. |
Resi. |
Comm. |
| Less than or equal to Rs. 2,50,000 |
750/- |
1,500/- |
1,500/- |
3,000/- |
2,250/- |
4,500/- |
3,000/- |
6,000/- |
3,750/- |
7,500/- |
| Above Rs.2,50,000 and less than or equal 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/- |
| Above Rs.5,00,000 and less than or equal to Rs.10,00,000 |
3,000/- |
6,000/- |
6,000/- |
12,000/- |
9,000/- |
18,000/- |
12,000/- |
24,000/- |
15,000/- |
30,000/- |
| Rs. 10,00,000 and above |
5,000/-
|
10,000/-
|
10,000/-
|
12,000/- |
15,000/-
|
30,000/- |
20,000/- |
40,000/- |
25,000/- |
50,000/- |
STAMP DUTY FOR SALE DEEDS
Stamp duty and registration values for properties in various cities and states in India are given below.
STATE |
RATE OF STAMP DUTY |
REMARKS |
Andhra Pradesh
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details
|
5% |
Of the market value or agreement value whichever is higher. |
| Assam |
8.25% |
For agreement value exceeding Rs.1,50,000/-. |
| Union Territory of Delhi |
3% stamp duty + additional 5% as surcharge under Delhi Municipal Corporate Act, 1957. |
Of the value. |
| |
6% |
Of the value. If the Property is registered in women's name |
| Goa |
8% |
For value more than Rs.1,000/- |
Gujarat
- For transfers other than in co-operative society in urban area.
- For transfer relating to premises in Co-operative Society registered
or deemed to have been registered under Gujarat Co-operative Society
Act, 1961.
|
10%
7.5%
|
On market value of Property.
On market value of Property.
|
| Haryana |
12.5% |
Value exceeding Rs.1,000/- |
| Himachal Pradesh |
8% |
Value exceeding Rs.1,000/- |
Karnataka
- For transfer other than in (ii)
- For transfer effected by Bangalore Development Authority Act,
1976, relating to a flat as defined in Karnataka Ownership Flat
Act, 1972.
|
10.5%
- value upto Rs.5.00 Lakhs – 4%
- more than Rs.5.00 Lakhs and upto Rs.15.00 Lakhs – Rs.20,000/-
+ 6% for amount in excess of Rs.5.00 Lakhs.
- More than Rs.15.00 Lakhs – Rs.80,000/- + 8% for amount
in excess of Rs.15.00 Lakhs.
|
On the market value of property exceeding Rs.1,000/-.
On market value.
|
Kerala
(Property situated within Municipal Corporation) |
8.5% |
value of consideration. |
| Madhya Pradesh |
7.5% |
Of the market value. |
| Manipur |
7% |
On market value of property or the agreement value whichever is higher. |
Maharashtra
within Municipal limits of Greater Mumbai,Navi Mumbai, Pune & Thane.
- for transfer other than in (b)
- 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.
|
a. Up to Rs.5.00 Lakhs - Rs.8,750/-
b. Above Rs.5.00 Lakhs - 5%
|
On the market value or the agreement value whichever is higher. |
| Meghalaya |
- upto Rs.50,000/- - 4.6 %
- more than Rs.50,000/- and upto Rs.90,000/- - 6 %
- more than Rs.90,000/- and upto Rs.1,50,000/- - 8%
- more than Rs.1,50,000/- - 9.9%
|
Of agreement value |
| Nagaland |
7.5 % |
Of the value |
| Orissa |
14.7 % |
Of Agreement Value. |
| Punjab |
6 % |
Of the value. |
| Rajasthan |
10 % |
Of market value of property. |
Tamil Nadu
|
8% |
Of market value. |
| Tripura |
5 % |
Of the value. |
| Uttar Pradesh |
Stamp duty 14.5 % under U.P. Town Improvement Act, 1919. |
Stamp duty on market value or the agreement value whichever is greater. |
| West Bengal |
7%. |
Of the market value. |
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