Navi Mumbai Stamp Duty & Registration Fees 2023
Stamp duty & registration fees are required in Navi Mumbai. See more about stamp duty in Navi Mumbai, its tax advantages, and how to pay it online. For its orderliness and thoughtful city planning, Navi Mumbai is well-known. The demand for houses in this area is rising in part due to the area's broad roads, lush surroundings, and low pollution levels. To legally register your property, you must pay the registration fees and stamp duty in Navi Mumbai if you are purchasing a home or other property here.
Are you searching 3 bhk flat for rent in Kharghar?
These are extra fees assessed when buying or selling a property. State to state, and occasionally even city to city, variations exist. Here is a comprehensive guide to Navi Mumbai's registration fees and stamp duty.
What are the fees for property registration and stamp duty in Navi Mumbai?
Including LBT, Navi Mumbai's current stamp duty rate is 7%. (Local Body Tax). However, women receive a 1% discount on these fees. The Maharashtra government added an additional 1% metro cess in 2022 in a number of cities, including Navi Mumbai. On April 1, 2022, this tax went into force in order to raise money for city infrastructure improvements.
The following are the stamp duty & registration fees in Navi Mumbai:
Gender Stamp Duty in Navi Mumbai Registration Charges in Navi Mumbai
Male 7% (5% Stamp duty + 1% LBT + 1% Metro Cess)
For properties over Rs 30 lakh = Rs 30,000.
For properties less than Rs 30 lakh = 1% of the property’s value.
Female 6% (4% Stamp duty + 1% LBT + 1% Metro Cess)
For properties over Rs 30 lakh = Rs 30,000.
For properties less than Rs 30 lakh = 1% of the property’s value.
Joint (Male + Female) 7% (5% Stamp duty + 1% LBT + 1% Metro Cess)
For properties over Rs 30 lakh = Rs 30,000.
For properties less than Rs 30 lakh = 1% of the property’s value.
Joint (Male + Male) 7% (5% Stamp duty + 1% LBT + 1% Metro Cess)
For properties over Rs 30 lakh = Rs 30,000.
For properties less than Rs 30 lakh = 1% of the property’s value.
Joint (Female + Female) 6% (4% Stamp duty + 1% LBT + 1% Metro Cess)
For properties over Rs 30 lakh = Rs 30,000.
For properties less than Rs 30 lakh = 1% of the property’s value.
Lease Deed, Gift Deed, as Well as other Documents are Subject to Navi Mumbai Stamp Duty
For real estate transactions as well as other documents including lease deeds, gift deeds, mortgage deeds, & powers of attorney, the Maharashtra government levies stamp duty and registration fees (PoA). This table lists specifics about these fees.
Deed Type
Lease Deed
Gift Deed
Family Gift Deed
Stamp Duty in Navi Mumbai on Different Deeds
Stamp Duty Charges
5 per cent
3 per cent
Rs 200
(Residential/Agricultural property)
Power of Attorney (PoA)
3 per cent – For properties located in gram panchayat areas
5 per cent- For properties in municipal areas
Online payment for stamp duty in Navi Mumbai
In Navi Mumbai, there are two options for paying stamp duty: online and offline. Because to its speed and ease, the online option is preferred by the majority of people. To finish the payment procedure, you simply need to adhere to a few easy steps.
Step 1: Access the Maharashtra Stamp Duty Online website at gras.mahakosh.gov.in/igr/frmIndex.php.
Step 2: On the GRAS homepage, select the "Pay Without Registration" option.
Step 3: Choose "Make payment to Register your documents" from the menu. You can pay stamp duty & registration fees in Navi Mumbai right away using this option.
Step 4: The Payer's Name, District, PAN Card Number, Property Information, and Property Value Details must now be entered. once admitted. Choose the option to continue with the payment.
Step 5: Choose your payment option and create the challan because it's required for the execution of the deed.
How to Pay Stamp Duty Offline in Navi Mumbai
In Navi Mumbai, there are two offline ways to pay for stamp duty.
Stamp Paper: A traditional way to pay stamp duty is with a stamp paper. Get a stamp paper from the authority, then register it with the sub-office. registrar's
Franking: Franking is yet another of the most popular offline techniques. By employing a franking machine, authorised banks can stamp your documents or affix denominations to them as part of the franking process. The artificial stamp serves as evidence that you have paid the applicable stamp duty fees.
Stamp duty calculations in Navi Mumbai
In Navi Mumbai, the higher of the property value or the Ready Reckoner Rates is used to calculate the stamp duty. To determine the stamp duty fees for your property, you can use utilise an online calculator. You can reduce manual labour and save time by using a calculator.
Here is an example, though, if you'd rather use the manual calculating method.
In Navi Mumbai, Shraddha invested Rs 55 lakh in real estate. She must pay a registration cost of Rs 30,000 and stamp duty equal to 6% of Rs 55 Lakh.
As a result, Shraddha will pay a total of and registration fee.
Tax on stamps: Rs. 3,30,000
Cost for registration: Rs. 30,000
Charges totaling Rs. 3,60,000
If a male buyer, such as Arjun, as opposed to Shraddha, a female buyer, had purchased the property, stamp duty would have to be paid in that scenario at a rate of 7% of the property's value.
As a result, Arjun will pay a total of $ for the stamp duty & registration fee. Rs 3,85,000 in stamp duty
Cost for registration: Rs. 30,000
Charges totaling Rs. 4,15,000
Online Registration of Properties in Navi Mumbai
To register your property online in Navi Mumbai, go to the Maharashtra Government GRAS website. then take these actions:
Step 1: Enter your login information to access the Maharashtra GRAS portal. If you are not currently a registered user, register for the portal.
Step 2: After that, enter all the information related to the property, such as its location, dimensions, and price.
Step 3: After entering all the property information, choose your preferred payment gateway. Simply select your bank from the list of banks that will appear on your screen.
Step 4: Complete the transaction and make sure to print the receipt for your records.
Stamp Duty Tax Savings in Navi Mumbai
In Navi Mumbai, the stamp duty, surcharge/cess, and registration fees are eligible for income tax deductions under Section 80C of the Income Tax Act. However, the maximum deduction permitted by this provision is Rs 1,50,000.
Only individuals & Hindu Undivided Families are eligible to make new property tax deduction claims. However, resale homes, residential plots, or commercial structures in Navi Mumbai are not excluded from paying taxes. Tax deductions are available to even joint owners. Yet once more, the maximum deduction is Rs 1,50,000.
How to Apply for a Stamp Duty Refund in Navi Mumbai
To receive a refund for paying stamp duty in Navi Mumbai, follow these steps:
Step 1: Visit https://appl2igr.maharashtra.gov.in/refund to log into the Department of Registration & Stamps Maharashtra webpage.
Step 2: Read the relevant instructions and all of the information about the Module before checking the box. Click the green "New Entry" button after that.
Step 3: To enter your mobile number, wait for an OTP, and then enter the captcha code that appears on the screen.
Step 4: Enter the token number, make a password, and double-check it.
Step 5: Input every piece of personal data, account information, and document information. To finish the Navi Mumbai stamp duty refund process, adhere to the onscreen instructions.
Conclusion Navi Mumbai's Stamp Duty
I hope you now have complete knowledge of Navi Mumbai's stamp duty. These fees must be paid in order to successfully register a property since they serve as documentation of ownership in the event of a dispute. Contact a legal representative if you require any additional information or clarification.
You’re looking for Projects in Borivali we have the Best Properties In Mumbai Like Ready to Move:https://navimumbaihouses.com/properties/search/borivali/
If you want daily property update details please follow us on Facebook Page / YouTube Channel / Twitter