Moneycontrol
Source: Moneycontrol.com

Stamp duty rationalisation by the State Govt of Maharashtra

The recent Maharashtra Budget has levied a flat stamp duty of 5% on all purchases in areas within municipal corporation boundaries across the state. Though this would lead to a further increase in the cost of purchasing a property, the overall impact of this alone will not be very significant.

Stamp duty rationalisation by the State Govt of Maharashtra

By Arvind Nandan, Executive Director, Cushman & Wakefield, India

The recent Maharashtra Budget has levied a flat stamp duty of 5% on all purchases in areas within municipal corporation boundaries across the state. Though this would lead to a further increase in the cost of purchasing a property, the overall impact of this alone will not be very significant. For example, for a property worth Rs 50 lakh, situated within municipal corporation limits of Mumbai, the overall cost will increase by only 0.34% for the buyer

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