Property purchase involves several steps. In addition to making the down payment and the monthly EMI payments, the other two important monetary components of a property are the stamp duty and registration charges. These ensure that the property is legally recognised.
Navi Mumbai was originally planned as a satellite city to Mumbai in a bid to decongest the main city. However, Navi Mumbai has developed to the extent that there are plans to develop Third Mumbai.
Real estate has played a big role in the development of Navi Mumbai. While buying a property, in addition to its cost, one should know the stamp duty and registration charges that will be levied on the property.
What are stamp duty and registration charges?
According to the Maharashtra Stamp Act, the stamp duty and registration charges are the amount that property buyers in Navi Mumbai have to pay to the Maharashtra government.
Why should you pay stamp duty and registration charges in Navi Mumbai?
A property transaction in Navi Mumbai is complete and legally recognised only when it is registered in the government records. This is possible when the stamp duty and registration charges are paid. In this article, we look at how to pay stamp duty and registration charges in Navi Mumbai.
How much are the stamp duty and registration charges in Navi Mumbai?
| Gender | Stamp duty rates | Registration charges |
| Male | 7% (5% Stamp duty + 1% metro cess + 1% Local Body Tax (LBT)) | Below Rs 30 lakh: 1% of property value
Above Rs 30 lakh: Rs 30,000 |
| Female | 6% (4% Stamp duty + 1% metro cess + 1% LBT) | Below Rs 30 lakh: 1% of property value
Above Rs 30 lakh: Rs 30,000 |
| Joint (Male + Male) | 7% (5% Stamp duty + 1% metro cess + 1% LBT) | Below Rs 30 lakh: 1% of property value
Above Rs 30 lakh: Rs 30,000 |
| Joint (Male + Female) | 7% (5% Stamp duty + 1% metro cess + 1% LBT) | Below Rs 30 lakh: 1% of property value
Above Rs 30 lakh: Rs 30,000 |
| Joint (Female + Female) | 6% (4% Stamp duty + 1% metro cess + 1% LBT) | Below Rs 30 lakh: 1% of property value
Above Rs 30 lakh: Rs 30,000 |
Stamp duty in Navi Mumbai for different deed types
| Deed type | Stamp duty charges |
| Gift deed | 3% |
| Gift deed for families | Rs 200 |
| Lease deed | 5% |
| Power of Attorney | Properties within Gram Panchayat limits: 3%
Properties within municipal limits: 5% |
How to pay Navi Mumbai stamp duty and registration charges online?
E-stamping
- Click on ‘Pay Without Registration’.
- Choose ‘Citizen’ and select your transaction type.
- You can opt to pay the stamp duty and registration charges together or individually.
- Fill in all the required details.
- Select the payment option and proceed. Once paid, generate the challan, which has to be presented at the time of the execution of the deed.
How can you pay Navi Mumbai stamp duty and registration charges offline?
- Franking: The agreement is printed and submitted to an authorised bank. The documents are processed for stamp duty payment using a franking machine.
- Stamp paper: You can pay the stamp duty using stamp paper, which includes the agreement details. This is signed by an authorised person after verification. The stamp paper is registered at the sub-registrar’s office (SRO) after four months.
How can you get a stamp duty refund in Navi Mumbai?
You can claim a refund within six months from the date of purchase.
- On the IGR Maharashtra website, under ‘Online services’, click on ‘Stamp Duty Refund’.
- Click on ‘New Entry’. If you are trying to check the status of the stamp duty refund, click on ‘Old Refund View Status’.
- Enter the registered mobile number and OTP for authentication. Fill out the refund form for stamp duty. If you want a refund for registration charges, fill out that form as well.
- Click on ‘Next’ and submit the refund request. Note the ‘Refund token number’ visible on the top-right corner of the page.
- IGR Maharashtra, after review, will process the stamp duty refund within six months. Note that a refund will be given after deducting 10% or Rs 1,000 as challan.
Housing.com POV
Payment of stamp duty and registration charges is mandatory. While you are budgeting for a house, find out the rates in your locality and include them.
You may receive offers to invest in a property (mostly resale or from non-reputed developers) that would not be registered in your name but you would get it for a value lesser than the market price. Do not fall prey to such cases as you will end up in bigger losses.
FAQs
What does the stamp duty in Navi Mumbai depend on?
Stamp duty in Navi Mumbai depends on the Navi Mumbai ready reckoner rate.
Who has to be contacted if I have a problem with online stamp duty and registration charges payment?
If you are stuck at any step, you can mail in to vtodat.mum-mh@gov.in.
How many times should you pay stamp duty and registration charges?
Stamp duty and registration charges are one-time payments.
Who will pay the stamp duty charges in Navi Mumbai?
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 in 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 |