At the time of writing, stamp duty in Mumbai is 6% for men and 5% for women buying residential property in their sole name, including 1% metro cess. Registration is 1% of the value, capped at ₹30,000 above ₹30 lakh. Rates in other municipal areas can differ, so confirm locally.
What you pay
Two government charges apply when an agreement is registered: stamp duty, which is a percentage of the property value, and a registration fee. Both are paid by the buyer.
The rates
In Mumbai the combined stamp duty is 6% for a man and 5% for a woman buying a residential property in her sole name, and this includes a 1% metro cess. In some other municipal corporation areas of the region a local body tax can apply as well, so the total can be higher. Always confirm the current rate and ready-reckoner value for your exact property location with the sub-registrar or on the Maharashtra Department of Registration and Stamps (IGR) website before you budget.
The registration fee is 1% of the property value, but for properties above ₹30 lakh it is capped at ₹30,000.
A worked example
Take an ₹80 lakh flat in Mumbai, with an agreement value equal to the Ready Reckoner value.
- Man buying alone: 6% = ₹4,80,000 stamp duty + ₹30,000 registration = ₹5,10,000
- Woman buying alone: 5% = ₹4,00,000 stamp duty + ₹30,000 registration = ₹4,30,000
Ways the bill changes
The women's concession applies to residential property bought in a woman's sole name; joint ownership with a man attracts the standard rate. Stamp duty is calculated on the higher of the agreement value and the Ready Reckoner value, so a low agreement price does not lower it.
Questions people ask
Can I pay stamp duty online?
Is the women's concession available on commercial property?
Want this checked for your property?
Send us the project name, location and your budget on WhatsApp. We will tell you what to verify before you pay anything.
Chat on WhatsApp
