| Hello !
Welcome to The Estate Agents’ Association of India |
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| Stamp Duty |
Ownership Flats
STAMP DUTY ON OWNERSHIP FLAT PURCHASED IN MUMBAI
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Sr.No. |
VALUE OF PROPERTY/FLAT |
STAMP DUTY RATES |
| 1. |
Value of such flat / property does not exceed Rs 1,00,000/- |
NIL |
| 2. |
Exceed Rs1,00,000/- but does not |
@ 0.5% of the value of the flat. |
| 3. |
Exceed Rs. 2,50,000/- but does not |
Rs. 1,250/- + @3% of the value above Rs. 2,50,000/- of flat. |
| 4. |
Exceed Rs. 5,00,000/- |
Rs. 8750/- + @ 5 % of value above Rs. 5,00,000/- of flat. |
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| Leave & Licence Agreemet Document |
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| Information on Stampduty & Registration |
Information on Stampduty & Registration Fees Payable on
Leave and Licence Documents |
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Agreement for Leave and Licence for residential premises only. As per Article 36 A under schedule I of the Bombay Stamp Act, 1958. For Leave & Licence period including renewal is for he period upto 60 months then stamp duty will be as follows : |
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| Sr. No. |
AVERAGE ANNUAL RENT |
STAMP DUTY PAYABLE |
| 1. |
If the Advance rent plus deposit amount is upto then stamp duty will be Rs. 2,50,000/- |
Rs. 750/- for every term of twelve months or part thereof.
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| 2. |
If the Average Annual Rent, advance rent plus deposit amount exceeding Rs.2,50,000/- but upto Rs. 5,00,000/- |
Rs. 1500/- for every term of twelve months or part thereof. |
| 3. |
If the Average Annual Rent, advance rent plus deposit amount is exceeding
Rs. 5,00,000/- but upto Rs. 20,00,000/- |
Rs. 3000/- for every term of twelve months or part thereof. |
| 4. |
If the Average Annual Rent, advance rent plus deposit amount is exceeding Rs. 20,00,000/- |
Rs. 5,000/- for every term of twelve months or part thereof. |
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| Note : |
(i) |
If Leave & Licence period including renewal is for the period more than 60 months stamp duty will be as applicable to Lease Deed as per article 36 of Schedule I of the Bombay Stamps Act, 1958 |
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(ii) |
If leave & licence agreement is relating other than residency premises. |
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Twice the agreement of duty charge as residential premises |
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Registration fees payable : Registration fees is fixed at Rs. 1,000/- |
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Copyright © 2007 The Estate Agents’ Association of India. All rights reserved.
308, Gundecha Chambers, 3rd floor, Nagindas Master Road, Fort. Mumbai - 400 023 |
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