Stamp duty in Mumbai varies depending on the location of the accommodation and the type of act. 4.2 The instrument that is only executed from Maharashtra can be stamped within three months of the first reception in India. Maharashtra has decided to reduce stamp duty on deeds of sale by 3 per cent between 1 September and 31 December. this year. The easing will continue with a 2 per cent reduction from 1 January to 31 March next year. with respect to an investor`s acquisition of shares of a system from a real estate developer, when the investor sells the unit, compensation for the tax paid in relation to the transportation tax would be permitted under section 25 2.1. In order to stimulate the Covid-19 housing market, the Von Maharashtra government decided on Wednesday to temporarily reduce stamp duty on housing units by 3% by 31 December 2020. g. for construction, development, sale, etc.
to a developer or developer mumbai: in a major step to revive real estate activity, the Maharashtra government, led by Uddhav Thackeray, reduced stamp duty on sales certificates by 3 per cent between 1 September and 31 December this year. From next year, January 2021, stamp duty would be reduced by 2%. Rahul Grover, CEO, SECCPL said: “Reducing stamp duty is a welcome step and will offer a temporary grace. However, media reports on interest rate subsidies were reviewed, which will also be positive. Macroeconomic factors remain the key and, if the blockage is not completely lifted, which the State is reluctant to do, the long-term recovery cycle will remain moderate. There is a limit to which technology and interface can guide real interaction and confidence in the economy. Home ” Must Knows ” Legal ” Maharashtra Stamp Act: An overview of stamp duty on real estate at the time the Maharashtra government announced, troubled real estate welcomed the decision to reduce stamp duty to 2% by December and said it would help create demand and stimulate allied industries. According to the Maharashtra Stamp Act, all instruments responsible and executed in Maharashtra must be stamped before or at the time of execution or on the working day following the date of execution.