STAMP DUTY CAN BE BASED ON-

1. Stamp Duty on Hypothecation Agreement in Maharashtra-

Stamp Duty on hypothecation agreements in Maharashtra on instruments,

pledges and mortgages on home loans in the province of Maharashtra was
capped. The stamp obligation on such instruments is currently covered at a
greater stamp duty of Rs. 10,00,000). This revision has been presented with
impact from 1 July 2014.

2. Stamp Duty Charges in Maharashtra on Conveyance Deed

According to the amendments made to the Maharashtra Stamp Act 2015, Article
34 states that 3% of the property’s value is the stamp duty on conveyance deeds
(gift deeds). However, if a property – Residential or Agricultural, is gifted
without the family having to pay any sum of money. Then the stamp duty rate is
Rs. 200.

3. Stamp Duty on Indemnity Bond in Maharashtra

According to Article 35 of Schedule 1 of the Maharashtra Stamp Act 1958, and

then the Maharashtra Stamp (Amendment) Act 2015 – the price of the stamp
duty on indemnity bonds in Maharashtra is Rs 500.

4. Stamp Duty on Guarantee Agreement in Maharashtra

According to Article 5(h) (A)(iv), the stamp duty on Guarantee Agreement in

Maharashtra is –

(i) If the loan amount is less than Rupees Ten Lakh – 0.1% of the amount
stipulated in the contract, with a minimum of rupees 100.

(ii) If the amount exceeds Rupees Ten Lakh – 0.2% of the amount agreed in the
contract.

5. Stamp duty in Maharashtra on past property documents

While the Maharashtra Stamp Act empowers the collector of a district, to call
for documents within a period of 10 years from the registration date of such
documents, to verify if the appropriate duty has been paid on the deed, the
Bombay High Court has held that stamp duty cannot be collected for
inadequately stamped past documents, at the time of its subsequent sale.
Moreover, according to stamps and registration charges in Maharashtra, if the
historical documents are liable to be stamped, the stamp duty shall be recovered
only at the market rate prevalent when the transaction took place. That means,
stamp duty and registration charge cannot be applied on a retrospective basis
There are several factors on which the Maharashtra stamp duty rate including
the stamp duty in Pune, stamp duty in Mumbai etc. are influenced which brings
in some respite in the form of reduction.

 Age of the person: If the home buyer is a senior, there is a likelihood of

him/her getting a reduction in stamp duty in Maharashtra when it comes
to paying stamp duty and registration charge.
 Gender: To encourage women home buyers, sometimes there are options
where stamp duty and registration charges in Maharashtra 2021 for
female are very attractive.
 Age of the property: If the property that a person is looking at investing
is an old one, he may get a reduced stamp duty in Maharashtra. However,
if the property is a new property, then, there are chances that the stamp
duty in Maharashtra will be high.
 Type of property: According to stamp duty and registration charges in
Maharashtra, a residential property commands lesser stamp duty in Pune
and other parts of Maharashtra than a commercial property.