Stamp Duty above Rs 5,00,00 is Rs 7,600 + 5% of the value above Rs. 5,00,000
Stamp Duty is payable on market value or agreement value, whichever is higher.
The rates of Stamp Duty for Shop / Office / Industrial Gala / Basement is 5% of the market value of the property or agreement value, which ever is higher.
The property not covered in Article 25 (d) of schedule 1 of the Bombay Stamp Act 1958, will attract Stamp Duty at the rate of 5% of the market value, even for residential property (Article 25 (b) (vi) (a)).
The above amount does not include Registration fee which is 1% of the market value or agreement value whichever is higher subject to Maximum of Rs. 30,000 (Effective 1-4-2003).
Stamp duty is charged, for every Rs. 500 or part therof.
Registration fee is charged for very Rs. 1000 or part thereof.
Stamp duty on a leave and licence agreement
License Period
Upto Rs. 2,50,000
Rs. 2,50,001 to Rs. 5,00,000*
Rs. 5,00,001 to Rs. 20,00,000*
Rs. 20,00,001 & Above*
Resi.
Non Resi.
Resi.
Non Resi.
Resi.
Non Resi.
Resi.
Non Resi.
Rupees
Rupees
Rupees
Rupees
0-12 Months
750
1500
1500
3000
3000
6000
5000
10000
13-24 Months
1500
3000
3000
6000
6000
12000
10000
20000
25-36 Months
2250
4500
4500
9000
9000
18000
15000
30000
37-48 Months
3000
6000
6000
12000
12000
24000
20000
40000
49-60 Months
3750
7500
7500
15000
15000
30000
25000
50000
Note*: Where the amount of average rent plus the amount of security deposit or money advanced, or to be advanced exceed for a single term of 12 months.
