Finding 6: Maharashtra Stamp Duty 2026 — Current Structure & Applicable Rates
Date: April 23, 2026 (rates current as of FY2026)
Source: Department of Registration & Stamps, Government of Maharashtra (IGR Maharashtra)
URL: https://igrmaharashtra.gov.in
Source Tier: S (State government primary source)
Date Tier: T1/T2 (Rates confirmed operative April 2026)
Maharashtra Stamp Duty — Operative Rates (April 2026)
Residential Property Purchase
| Zone / Category | Stamp Duty | Registration Charge |
|---|---|---|
| Mumbai City & Suburbs (BMC/MCGM) | 5% of property value | 1% (max ₹30,000) |
| Pune/Nagpur/Other Municipal Corporations | 5% of property value | 1% (max ₹30,000) |
| Other Urban Areas (outside BMC) | 4% of property value | 1% |
| Rural/Gram Panchayat Areas | 3% of property value | 1% |
| Female Buyer (concession) | 4% (1% concession vs male in BMC) | 1% |
| Metro Cess (Mumbai, Pune, Nagpur, Thane) | 1% additional | — |
| Total effective (Mumbai, male buyer) | 6% + 1% registration = 7% | — |
Metro Cess note: The 1% metro cess (for metro rail infrastructure) was introduced in 2024 and continues to apply in Mumbai Metropolitan Region and select municipal corporations in April 2026.
2026 Status: No Major New Stamp Duty Change in Maharashtra
- Devendra Fadnavis government (CM, elected Nov 2024): No fresh stamp duty waiver or reduction announced in 2026 Budget (Feb 2026)
- Maharashtra Budget 2026-27: Focus on infrastructure; stamp duty structure remained unchanged from FY2025-26
- Stamp Duty Abhay Yojana 2023 (under Section 53A): Amnesty scheme for pending duty cases; still operational for historical cases
- No fresh COVID-era type stimulus cut (3%/2% cuts of 2020-21 period) enacted for FY2026-27
Maharashtra Stamp Duty — Key Recent History
| Year | Change | Impact |
|---|---|---|
| 2020-21 | Temporary cut to 2% (Sep–Dec 2020) | Major sales spike |
| 2021-22 | Restored to 5% + Metro Cess | Normalisation |
| 2024-25 | Metro Cess confirmed at 1% for MMR | Effective rate 6%+reg |
| FY2026-27 | No change | Rate stable at 5%+1%cess+1%reg = 7% for Mumbai |
Registration Volume Signal (Maharashtra 2026)
- Maharashtra IGR reported strong registration volumes in H2 FY2025-26 driven by improved affordability and consumer confidence
- Mumbai’s Maha-RERA has registered 5,000+ new projects for FY2026-27 (estimated)
- The 7% total transaction cost (stamp + registration) in Mumbai remains a concern for affordable housing segment
- Proposals for women-buyer concession (reduction to 4%) have been discussed but no formal gazette notification for additional relief in 2026
Real Estate Implications for Runwal (Mumbai Developer)
- Total transaction cost in Mumbai: ~7% (5% stamp + 1% metro cess + 1% registration) — unchanged in 2026
- This adds ~₹14 lakh on a ₹2 cr flat — a significant buyer friction; lobby for reduction should continue
- Female co-buyer structuring offers 1% relief (saving ₹2 lakh on ₹2 cr purchase) — worth marketing actively
- No stamp duty stimulus expected in FY2026-27; sales must be driven by product, location, and financing
- For townships (Runwal Forests, Runwal Gardens), rural/peri-urban rates of 3–4% apply — natural advantage vs inner city
Source: IGR Maharashtra portal (igrmaharashtra.gov.in) | Maharashtra Revenue Department | Devendra Fadnavis Budget Feb 2026