How to Calculate Stamp Duty in Maharashtra?
Stamp duty is a government tax charged when buying or transferring property in Maharashtra.
It is mandatory for all property buyers and makes the document legally valid.
Stamp duty varies depending on buyer type (male or female), property type, and location.
What is Stamp Duty?
Stamp duty is a tax collected by the government on property transactions. Once paid, the
document becomes legal proof of ownership. Without stamp duty, a property purchase cannot
be registered.
Importance of Stamp Duty
- Provides legal proof of property ownership
- Mandatory for registering property
- Prevents future property disputes
- Generates revenue for government development
Stamp Duty Rates in Maharashtra (Latest)
Below are the current stamp duty rates for residential properties in Maharashtra:
| Buyer Type | Stamp Duty | Metro Cess / LBT | Total Payable |
|---|---|---|---|
| Male Buyer | 5% | 1% | 6% |
| Female Buyer | 4% | 1% | 5% |
| Joint Purchase (Male + Female) | 5% | 1% | 6% |
| Joint Purchase (Female + Female) | 4% | 1% | 5% |
What Qualifies as Residential Property?
- Apartments & flats
- Bungalows
- Row houses
- Residential plots
- Redevelopment units
Note: Women’s discount does NOT apply to commercial or industrial properties.
Relationship Between Stamp Duty and Property Value
The stamp duty amount depends on the property’s agreement value. Higher value means higher duty.
Formula:
Stamp Duty = Property Value × Applicable Rate %
Rates:
- Men: 6%
- Women: 5%
How to Calculate Stamp Duty in Maharashtra
Use the following formulas:
Men Stamp Duty = Property Value × 0.06 Women Stamp Duty = Property Value × 0.05
Examples of Stamp Duty Calculation
Example 1: Property Value = ₹50,00,000
Men:
₹50,00,000 × 0.06 = ₹3,00,000
Women:
₹50,00,000 × 0.05 = ₹2,50,000
Example 2: Property Value = ₹75,00,000
Men:
₹75,00,000 × 0.06 = ₹4,50,000
Women:
₹75,00,000 × 0.05 = ₹3,75,000
Example 3: Property Value = ₹1,00,00,000 (1 Cr)
Men:
₹1,00,00,000 × 0.06 = ₹6,00,000
Women:
₹1,00,00,000 × 0.05 = ₹5,00,000
Difference Between Male & Female Stamp Duty
| Parameter | Male | Female |
|---|---|---|
| Total Rate | 6% | 5% |
| Discount | No | Yes (1%) |
| Applicable On | Residential Properties | Residential Properties |
| Joint Ownership | No Discount | All buyers must be women |
Where is Stamp Duty Used?
- Sale deed registration
- Gift deed transfer
- Property transfer
- Home loan processing
- Conveyance deed
- Redevelopment agreements
Current Use of Stamp Duty in Maharashtra
Stamp duty ensures legal ownership of property. It is required for:
- Buying or selling property
- Registering real estate documents
- Processing home loans
- Updating ownership in government records
In summary: Maharashtra charges 6% stamp duty for men and 5% for women.
This discount significantly reduces the cost of purchasing residential property for women.