When you buy a property in India, you have to bear many expenses. And one of the most important ones is the stamp duty and registration charges. It is collected by the respective State Governments where you buy a property.

However, the rate of stamp duty is fixed by the Central Government. Stamp duty and registration charges differ from city to city.

What you may be paying in Mumbai may not be collected in Pune.

On that note, let’s know about the stamp duty and registration charges in Pune!

Read on!

What is stamp duty and registration charges in Pune?

Stamp duty and registration charges in Pune are extra costs that affect the overall value of your property and may not be covered by a home loan.

Hence, it becomes a must to understand how much stamp duty and registration charges in Pune are to be paid.

You must pay stamp duty and registration charges in Pune to complete the legal formalities.

Stamp duty happens to be a portion of the value of the property. Recently, Maharashtra Government reduced stamp duty from 5% to 2% to boost real estate demand.

What is the current stamp duty charges in Pune?

Stamp duty in Pune is dependent on the type of homeowner that you are and much more. For males, females and joint owners, the stamp duty in Pune is 5% of the total worth of a property.

Recently, a concession of 1% was declared for women homebuyers by the Maharashtra Government.

Also Read: Know in Detail Stamp Duty and Registration Charges in Pune

What is the registration charge in Pune?

If your property is above Rs.30 lakh, you have to pay Rs.30,000 as the registration charge in Pune for males, females and joint owners.

For properties below Rs.30 lakh in Pune, 1% of the total value is what is to be borne by homeowners.

Now, being aware of the stamp duty and registration charges in Pune will help you complete the legal formalities of the home and continue having its ownership.