Stamp duty is calculated on the basis of billing rates and real estate value indicated in the buyer-seller contract. In Maharashtra, stamp duty on the property varies depending on the location. For example, stamp duty on a property within the municipal boundary of urban areas in Bombay is 5% of market value, while a property within one gram of panchayat will attract a stamp duty of 3% of market value. In accordance with Article 34 of the Maharashtra Stamp Act, amended in 2017, stamp duty on donation deeds is 3% of the value of the property. However, if the property in question is a residential or agricultural property, the stamp duty is 200 R. Bangalore: the inability of the port of Jawaharlal Nehru or the port JN and a group led by PSA International Pte Ltd to agree on the need to register an agreement between them is reflected in the shared opinions of the experts and the absence of an obvious precedent. Step 4: Select “Pay to Save Your Document.” Now you can choose to pay stamp duty and registration fees together, or only for stamp duty or only for registration fees. Stamp taxes can be paid as glue or by impressive stamps on the facts. In addition, the adhesive pads used on the facts are removed at the time of their execution, so that they are not available for reuse.
While the Maharashtra Stamp Act allows a district collector to request documents within 10 years of the date of registration of these documents in order to verify that the corresponding tax has been paid on the deed, the Bombay Supreme Court has ruled that stamp duty cannot be collected at the time of subsequent sale for previous documents that are insufficiently stamped. When historical documents can be stamped, stamp duty is recovered at the prevailing market rate at the time of the transaction. This means that stamp duty cannot be collected retroactively.