“STAMP DUTY WAIVER ON PROPERTY REGISTRATION ENDED ON MARCH 31 & REGULAR RATES APPLICABLE ON APRIL 1”

The Maharashtra government on March 31ST decided not to extend the stamp duty waiver on property registrations and kept the Ready Reckoner Rates unchanged for the financial year 2021-22,Regular stamp duty rates will be applicable from April 1 onwards.

The 1% stamp duty waiver for women homebuyers announced on March 8 will be applicable from April 1, revenue minister Balasaheb Thorat tweeted.The deadline for the 2% stamp duty waiver was to expire on March 31.Stamp Duty waiver decision of Maharashtra Government has been given big booster to real estate market in Pune & Mumbai city. Due to this reduction in last two quarter of FY 2020-21 highest sales has been executed in real estate market.

On August 26, the state government decided to temporarily reduce stamp duty on housing units from 5 percent to 2 percent until December 31, 2020. Stamp duty from Jan 1, 2021, until March 31, 2021, was at 3 percent.

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