by Project Sales 
Stamp Duty and Registration Charges in Pune form an integral part of the property transactions across the city. Real Estate being a state subject, so the stamp duty charges in Pune are decided by the Maharashtra state government. Stamp duty payment ensures that the property transaction is duly registered in the government records. Stamp duty charges are generally categorized as additional charges and do not form part of the home loan if availed by the property buyer. Certainly, they add to the overall cost of the property.
It must be highlighted that the stamp duty charges are also used as a tool to taper or boost the real estate demand. Whenever the market is subdued, the respective state governments reduce the stamp duty and registration charges to revive the housing demand.
Stamp Duty and Registration Charges in Pune in 2022
The stamp duty and registration charges are a significant source of revenue for the state government.
In April 2022, the Maharashtra government announced that a Metro Cess of 1% would be levied, in addition to the applicable stamp duty, in four cities of Mumbai, Nagpur, Thane and Pune. As of April 2022, the rates of stamp duty and registration charges in Pune are as follows-
| Category | Stamp Duty Charges | Registration Charges |
| Male | 7 Percent (Stamp Duty 5%+ Metro Cess 1 %+ Local Body Tax 1%) | For properties below Rs 30 Lakh – 1 percent For Properties above Rs 30 lakh- Rs 30,000 |
| Female | 6 Percent (Stamp Duty 4%+ Metro Cess 1 %+ Local Body Tax 1%) | For properties below Rs 30 Lakh- 1 percent For Properties above Rs 30 lakh- Rs 30,000 |
| Joint (Male+Female) | 6.5 Percent | For properties below Rs 30 Lakh- 1 percent For Properties above Rs 30 lakh- Rs 30,000 |
Source: IGR Maharashtra (https://www.igrmaharashtra.gov.in)
Let us calculate the stamp duty on a property transaction with an example.
If a person has purchased a property worth Rs 50 lakh, the applicable stamp duty break up will be:
Stamp duty @ 5%= 2.50 lakh
Local Body Tax (LBT) @ 1%= Rs 50,000
Metro Cess (announced in April 2022) @ 1%= Rs 50,000
Registration Charges @ 1% or 30,000 (whichever is less) = Rs 30,000
Total Stamp duty and registration charges payable in Pune are – Rs 3.80 lakh
Credits : Magicbricks
