Nashik, also known as the Napa Valley of India, has something for all. It is a destination for pilgrims, having lovely vineyards, and its industrial areas accentuate other segments, especially the real estate. In contrast to other places in Maharashtra like Mumbai and Pune, Nashik offers affordable houses with potential to grow further with strong infrastructural growth.
If you are looking for investing in properties here, this article talks about the property registration.
Want to know in detail about the stamp duty charges in Maharashtra? Click here.
What is property registration charge?
Property registration charge is the fees you should pay to the state government to register property in the government records.
What is property registration charge in Nashik?
| Value of property | Registration charge |
| Below Rs 30 Lakh | 1% of the total value |
| Above Rs 30 Lakh | Rs 30, 000 |
According to the IGR Maharashtra, if a property’s value is below Rs 30 Lakh, it attracts 1% of the total property value as registration charges. If the property value is above Rs 30 Lakh, the registration charges is Rs 30,000.
For instance
- If the value of property in Nashik is Rs 20 Lakh, the registration charge is 1% of Rs 20 Lakh = Rs 20,000
- If the value of property in Nashik is Rs 40 Lakh, the registration charge is Rs 30,000
Nashik property registration: Documents required
- Sale deed: This is a proof of transfer of ownership of the property from sellers to buyers.
- Title deed: This mentions the history of ownership of the property.
- Latest property tax receipts: This shows that there is no due pending from the seller with respect to property tax.
- Encumbrance certificate: Issued by the SRO, this mentions that the property is free from any legal issue.
- NOC from the local municipal body
- Identity proof: Both buyers and sellers should show the proof of identity like Aadhaar card, PAN card, etc.
How to register property online in Nashik?
It can be done through Nashik Municipal Corporation website.
- Visit the Nashik Municipal Corporation website at https://civicservices.nmc.gov.in/services.
- Go to the tax department section and choose the service that matches your requirement.
- Fill in property details, such as location, area, ownership etc.
- Upload supporting documents, such as property tax receipt, sale deed, title deed, encumbrance certificate, etc.
- Pay the registration fees.
Through GRAS Mahakosh portal
- Login to https://gras.mahakosh.gov.in/.
- Select ‘Inspector General of Registration’.
- Click on pay without registration.
- You will reach the next page, where you have to select type of user as citizen.
- Next click on make payment to register your document and choose pay registration fee only.
- You will have to fill in the registration form and click on proceed to register.
How to register Nashik Property Tax offline?
- First, to register a property, it’s important to pay the stamp duty.
- Next, with the above-mentioned documents, take an appointment with the sub-registrar’s office in Nashik.
- On the day of appointment, the SRO checks all documents and the status of the stamp duty payment. Once everything is verified, the documents are sent for registration.
Nashik property registration: Penalty for late registration
According to Section 25 of the Maharashtra Registration Act, a property must be registered within four months of the execution of the agreement of sale. Failure to get the documents registered will result into a fine, 10 times of the property registration fee value.
Stamp duty charges in Nashik
| Gender | Stamp duty |
| Men | 7% (includes 1% metro cess, metro cess, local body tax and transport surcharge) |
| Women | 6% (includes 1% metro cess, metro cess, local body tax and transport surcharge) |
| Joint (men and men) | 7% (includes 1% metro cess, metro cess, local body tax and transport surcharge) |
| Joint (women and women) | 6% (includes 1% metro cess, metro cess, local body tax and transport surcharge) |
| Joint (men and women) | 7% (includes 1% metro cess, metro cess, local body tax and transport surcharge) |
For instance, if the property value is Rs 50 Lakh
- the stamp duty payable for a man will be 7%, i.e. Rs 3.5 Lakh.
- the stamp duty payable for a woman will be 6%, i.e. Rs 3 Lakh.
How to calculate the stamp duty in Nashik?
You can use the online stamp duty calculator under ‘Online Services’ on the IGR Maharashtra portal to get an idea about the stamp duty to be paid for your property.
How to pay stamp duty online in Nashik?
- Login to https://gras.mahakosh.gov.in/igr/frmIndex.php and follow the steps mentioned above.
- Select ‘Citizen’ as type of user.
- Click on make payment to register your document.
- Click on pay stamp duty and registration fee together if you want to pay them together or click on pay stamp duty only.
- Enter details and click on proceed to make payment.
Housing News Viewpoint
Buying a property is an expensive decision and once you have bought it, it is imperative that you pay the stamp duty and registration charges so that the property is registered in the government records. By doing so, you are safeguarding your property. The Maharashtra government encourages paying the stamp duty and registration charges online that saves time and effort. It is in the best interest of the buyer to use this facility and get his property registered.
FAQs
What is stamp duty charges in Nashik?
You have to pay a stamp duty charge of 4% for properties in Nashik.
What is the registration fee in Nashik for properties below Rs 30 Lakh?
For properties below Rs 30 Lakh, you have to pay the stamp duty of 1%.
Where can you check details regarding the stamp duty and registration charges in Maharashtra?
You can check details on the IGR Maharashtra portal.
How to download property registration documents in Maharashtra?
You can download the property registration documents in Maharashtra on the IGR Maharashtra’s online services.
If you want to register a property offline in Nashik, whom should you visit?
You can get an appointment with the SRO, who will first verify documents and send them for registration.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |