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.

April 04, 2012 / 12:47 IST

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

first published: Mar 27, 2012 06:32 pm

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