Stamp Duty & Registration: Ensuring Compliance

Stamp Duty

  • Applicable under the Bombay Stamp Act, 1958.
  • Payable on the higher of market value or agreement value.
  • For residential properties, Stamp duty is 7% in Thane, Kalyan.
  • For non-residential properties, Stamp duty is Flat 5% in Thane, Kalyan.

Registration & Fees

  • Documents must be registered within 4 months of execution.
  • Registration is done at the Sub-Registrar of Assurances.
  • Registration fees: 1% of property value (maximum ₹30,000).
  • Agreements before obtaining Occupation Certificate (OC) and GST 1% applicable if agreement value is under Rs. 45 Lakhs; If agreement value above Rs. 45 Lakhs GST is 5%.