Whenever any immovable or some kinds of movable asset changes hands, the buyer has to pay a certain amount of tax to the state government, to get it stamped, which is known as stamp duty.
Stamp duty is calculated on the basis of market value of the property involved. The different properties which are exigible to stamp duty in Maharashtra and the rates of tax thereon are given in Sch I and II of The Maharashtra Stamp Act.
The_Maharashtra_Act_Schedule_1_and_2.pdf (igrmaharashtra.gov.in)
According to the Maharashtra Stamp Act, all instruments chargeable with duty and executed in Maharashtra, should be stamped before or at the time of execution, or on the next working day following the date of execution. However, if the deed is executed out of the territory, it can be stamped within three months after it is first received in India.
The Maharashtra Stamp Act has been amended to accept online payment, for stamp duty payable on instruments executed in the state. Follow these steps, to pay your stamp duty online:
Step 1: Visit the Maharashtra Stamp Duty Online Payment Portal.
Step 2: Click 'Pay Without Registration' if you are not registered with the portal. If you are a registered user, fill in the login details.
Step 3: If you have selected the 'Pay Without Registration' option, you will be redirected to another page, where you have to choose 'Citizen' and select the type of transaction you want to do.
Step 4: Choose 'Make Payment to Register your Document'. Now, you can opt for paying the stamp duty and registration charges together, or stamp duty only, or registration charges only.
Step 5: Fill in the details as required such as district, sub-registrar's office, payment details, party details, property details and property value details.
Step 6: Choose the payment option and once done, generate the challan, which has to be presented at the time of execution of the deed.
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