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Stamp Duty Prices While Buying A Home In Mumbai
Current Stamp Duty In Mumbai: Rates and Components
The stamp duty and registration charges in Mumbai are decided by the Maharashtra government. As of 2025-2026, the rates within the Brihanmumbai Municipal Corporation (BMC) limits are structured to help property ownership, particularly among women. From April 2022, these rates include a mandatory 1% metro cess.
For properties under joint ownership of a male and female, the rate is typically 6.5%. When the 1% metro cess is added, the effective rates become 6% for men and 5% for women according to the law. The base stamp duty rate for property within Mumbai is typically 5%, with a 1% concession offered to female buyers, bringing their base rate to 4%.
The charges are calculated based on the higher value between the property’s actual sale price and the government-mandated ready reckoner rate. For all the properties that exceed ₹30 lakh, a flat fee of ₹30,000 applies. Along with this, buyers have to pay property registration charges in Mumbai, which will help to legally document the ownership transfer.
Concessions and Tax Benefits
The Maharashtra government offers specific concessions and tax benefits in stamp duty to alleviate the financial burden on homebuyers. There is the most notable concession for women of the country, with a 1% stamp duty reduction in Mumbai. This benefit significantly reduces costs over a large transaction value for all citizens.
There are other major concessions for specific housing categories in Mumbai, like gifting a residential or agricultural property to a close family member, which requires only a nominal stamp duty of ₹200. As per the 2025 housing policy by the government, buyers in approved senior citizen-focused housing projects pay a flat ₹1,000 stamp duty.
Under the Income Tax Act of 1961, homebuyers can claim a deduction for stamp duty and registration charges in Mumbai paid under Section 80C.
Payment Procedure and Penalties
There are both modes of payment, i.e., online and offline, available to pay the stamp duty and registration charges in Mumbai. The process involves selecting the appropriate district based on the location and then the correct type of document to submit. Then comes entering the property details to generate a payment challan in online mode.
The online method via the Government Receipt Accounting System (GRAS portal) on the website is recommended for flexibility and speed. There are multiple options available for buyers to pay using net banking, debit cards, or NEFT/RTGS.
The negative part is that if the person fails to pay the correct stamp duty in Mumbai on time, it can result in significant penalties. The whole penalty can be up to 400% of the deficit amount. In order to avoid any legal issues, it is very important to be accurate in calculating and completing the process.
Factors Influencing the Final Cost
The total amount to pay for stamp duty and registrations is not simply based on the property’s sale price. The government uses a mechanism, which is the minimum value at which a property can be officially registered in a specific area in Mumbai. Stamp duty is always calculated on the higher of the actual transaction value.
Other factors affecting the final stamp duty and registration charges are as follows:
- Location Of The Property: All the properties available in urban municipal corporation areas definitely have higher rates than those in municipal council areas.
- Buyer’s Gender: Women buyers consistently benefit from a 1% concession on the stamp duty rate, a policy designed to promote female homeownership by the government.
- Property Usage: Commercial properties generally attract higher stamp duty and registration fees in Mumbai compared to residential homes.
Factors That Determine Stamp Duty And Registration Charges In Mumbai
The stamp duty and registration charges for property in Mumbai are determined by several key factors, including the property’s market value, location, the buyer’s gender, and the type and use of the property.
Property Value: The registration charges are calculated based on the higher of two values: the property’s agreement price or the government-determined minimum value.
Buyer’s Gender: The Maharashtra government offers a significant incentive for female homeownership, which is a 1% concession on the stamp duty rate.
Property Type and Use: Commercial properties typically attract higher stamp duty rates than residential properties, according to the research.
FAQs
What is the current Joint Registry fee for a house in Mumbai?
The total fee varies based on the owners’ genders and the property’s value. For a jointly registered home in Mumbai, the buyer must pay both stamp duty and a registration fee.
What are the stamp duty rates in Mumbai?
In early 2026, the stamp duty rates for property registration in Mumbai were 6% for male buyers and 5% for female buyers.
How are registration charges in Mumbai calculated?
Owners need to combine the applicable stamp duty and the registration fee, which will form the property registration charges in Mumbai. Stamp duty and registration fee are calculated depending on the higher of the property’s market values.
Is stamp duty in Mumbai compulsory?
Yes, payment of stamp duty in Mumbai is mandatory for all property-related transactions. It is a legal requirement under the Maharashtra Stamp Act, 1958, to avoid any legal issues.
How can I pay stamp duty and registration charges?
There are both modes (online and offline) available to pay stamp duty and registration charges in Mumbai.
