Stamp duty and registration
Panvel Property Registration Guide
Stamp Duty
- 5% in Greater Mumbai, 6% in TMC judiciary limits
- Calculated on agreement or market value, whichever is higher
- Pay-order in favor of 'SUPERINTENDENT OF STAMPS, Mumbai'
- 5% for galas/office/shop premises and garages in Mumbai
Registration Process
- Records ownership under the India Registration Act
- Submit original document and two photocopies
- Two witnesses required
- Pay appropriate registration fees
Stamp Duty Office
- M.T.N.L Building, Ground Floor, New Panvel
- District Raigad, Maharashtra
- Pin Code - 410206
Registration Fee
- Approximately 1% of market value or agreement value (whichever is higher)
- Maximum Rs.30,000/-
- Applies to: Conveyance, Exchange, Gift, Partition
- Transfer of lease, Sale, Power of attorney
- Authorization to sell property
Important Notes
- Registration is mandatory for legal ownership
- Stamp duty is calculated on higher of agreement or market value
