How to pay Nagpur stamp duty and registration charges?

While buying a property, in addition to the property cost, you should know about the stamp duty and registration charges that would be levied on the property.

Take a look at the stamp duty and registration charges in Maharashtra in 2024

 

What are stamp duty and registration charges?

Under the Maharashtra Stamp Act, the stamp duty and registration charges in Nagpur are the amount paid by a buyer to the Maharashtra government at the time of property purchase in Nagpur.

 

Why should you pay stamp duty and registration charges?

Any property transaction is complete and legal only after registration with the government. This is possible when the stamp duty and registration charges for the property are paid. In this article, we look at how to pay stamp duty and registration charges in Nagpur.

 

How much is the stamp duty and registration charges in Nagpur?

Gender	Stamp duty rates	Registration charges
Male	7% (5% stamp duty + 1% metro cess + 1% Local Body Tax (LBT))	Rs 30,000 for properties above Rs 30 lakh and 1% of property value for properties below Rs 30 lakh.
Female	6% (4% stamp duty + 1% metro cess + 1% LBT)	Rs 30,000 for properties above Rs 30 lakh and 1% of property value for properties below Rs 30 lakh.

 

How can you pay Nagpur stamp duty and registration charges online?

• E-stampingis the easiest way to pay the stamp duty
• Log on to https://gras.mahakosh.gov.in/igr/frmIndex.php.

 

 

• Click on ‘Pay Without Registration’.
• Choose ‘Citizen’ and select the type of transaction you. Choose ‘Make Payment to Register your Document’.
• You can opt for paying the stamp duty and registration charges together, or either of them.

 

 

• Based on the chosen form, fill out all the required details.

 

 

 

 

• Select the payment option and proceed. Once paid, generate the challan, which must be presented at the time of the execution of the deed.

 

How can you pay Nagpur stamp duty and registration charges offline?

You can pay the stamp duty and registration charges offline by:

• Franking: The agreement is printed and submitted to an authorised bank. The documents are processed for stamp duty payment with the help of a franking machine.
• Stamp paper: You can pay the stamp duty by using a stamp paper where the details of the agreement are mentioned. This is signed by an authorised person after verification. The stamp paper is registered at the sub-registrar’s office (SRO) after four months.

 

Housing.com POV

It is necessary to take into account the stamp duty and registration charges while buying a property. This will help you budget. The stamp duty in Nagpur is around 7% of the property value. As a home buyer, you may be tempted to invest in an unregistered house due to the finances. However, be aware that these may have bigger problems, such as ownership and property area. Thus, it is a good idea not to evade this one-time payment and secure your property.

 

FAQs

What does the stamp duty in Nagpur depend on?

Stamp duty in Nagpur depends on the Nagpur ready-reckoner rate.

Who has to be contacted if you have a problem with online stamp duty and registration charges payment in Nagpur?

If you are stuck at any step, you can email vtodat.mum-mh@gov.in.

How many times should you pay the stamp duty and registration charges?

Stamp duty and registration charges are a one-time payment.

Who will pay the stamp duty charges in Nagpur?

The stamp duty charges will be paid by the buyer.

Is there a rebate on stamp duty for women in Maharashtra?

Yes, women buyers get a 1% rebate on stamp duty charges in Maharashtra.

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