The Maharashtra Cabinet approved a proposal on Wednesday to reduce stamp duty by 3 per cent on all land or home sale transactions executed and registered between September 1 and December 31, this year. There will be a 2 per cent reduction on stamp duty from January 1 to March 31, 2021
In Mumbai, the stamp duty rate is 6 per cent of the agreement value or the ready reckoner value, whichever is more. The concession will mean that this will drop to 3 per cent of these values from September 1.
