Stamp Duty and Registration Charges in Pune

Along with the stamp duty, you are also required to pay the registration charges, which again is a government-specified percentage of the property’s value. 

Remember, paying stamp duty and registration charges in Pune is mandatory, and non-payment can result in the imposition of fines and penalties. Besides, in the absence of getting your property registered by paying the requisite duty and charge, you don’t have a complete legal claim of your property. 

To know about the stamp duty and registration charges in Pune from April 2021, you can refer to the table given below.

To have a complete understanding of the stamp duty and registration charges in Pune 2021, here’s a look at the charges between January 2021 and March 2021.

The stamp duty in Pune is based on the Ready Reckoner Rate (RRR). According to the rules, the price of any property in the state cannot be lower than this rate. In the state of Maharashtra, the RRR is also known as the circle rate. 

The government revises the rates based on several factors, including the existing demand and supply for property/houses. 

To calculate the stamp duty in Pune, you must know the circle rate. Then, you need to multiply the circle rate with the area of your property. Finally, you can calculate the stamp duty in Pune as the specified percentage of the total property’s value. 

To make a convenient payment for the stamp duty and registration charges in Pune, you can choose an online method. Here’s a step-by-step guide to help you understand the process: 

1. You can visit the official web portal for paying your stamp duty and registration charge. The Government Receipt Accounting System (GRAS) portal of the Maharashtra government provides an online payment facility. You can visit the link: https://gras.mahakosh.gov.in/igr/frmIndex.php

2. You can choose to register yourself or proceed with making a payment without registration.

3. If you choose to register yourself, then you will be required to provide your personal details and log in to the portal. You can then select the area, property type, and more to know the circle rate and calculate the stamp duty. Next, you can make an online payment.

4. If you choose to make a payment without registration, you must click on ‘Citizen’ and then select the option to register your document by making a payment.

5. You can now view three options: payment of stamp duty, payment of registration fee and payment of stamp duty and registration charges. 

6. Now you are required to provide details, including the department details, payment details, first-party details and payment mode. 

7. You can now click on the option of ‘Proceed.’

8. You will now be redirected to a payment gateway. You can now make a payment and download the receipt. 

Current Stamp Duty and Registration Charges in Pune

The state government of Maharashtra has recently updated the stamp duty and registration charges in Pune. To know the current stamp duty in Pune, you can refer to the table given below: 

To promote economic equality and provide impetus in the real estate sector, the state government of Maharashtra has notified a discount on stamp duty and registration charges for women homebuyers. According to the state government, if a property is transferred or registered in a woman’s name, a 1% concession on the stamp duty and registration charges can be availed. Thus, women buyers in Pune have to pay a stamp duty of 5% as against the 6% stamp duty on male house buyers. 

It is your moral as well as legal obligation to pay your stamp duty and other relevant charges at the time of registering your newly purchased property. But, these amounts can be quite huge at times. But, the good news is that you can cover these costs with the help of a home loan. You can avail housing loans online on Bajaj Markets.