Reduced Stamp Duty for Women Property Purchasers in Maharashtra

Citing public interest, the Government of Maharashtra has decided to reduce the stamp duty by One per cent., as otherwise chargeable under clause (b) of Article 25 of Schedule-I appended to the Maharashtra Stamp Act (LX of 1958), on the document or instrument of Conveyance or Agreement to Sell of any type of residential unit, executed or being executed between, ”the Woman/Women Purchasers and any Seller or other executant of the said document or instrument“.  This has been done through the Order dated 31^st March, 2021.

The said reduction is however subject to the following conditions:

1. No refund shall be granted where the stamp duty has already been paid by any of the parties to the Said instrument, prior to the date of publication of this Order in the Maharashtra Government Gazette;
2. Any Woman/Women Purchaser/s of the Said instrument availing of remission in the Stamp duty provided by this Order shall not sell any such type of residential unit to any subsequent Male Purchaser/s within the period of 15 years from the date of purchase of any such type of residential unit. On failure to abide by this condition, such Woman/Women Seller/s of such type of residential unit shall be liable to pay the remitted One per cent Stamp duty and penalty, as chargeable, as if there was no remission in the stamp duty from the beginning.  It may be noted that no such restriction will apply in case of transfer by heirship in case of death of such Woman/Women purchasers.
3. The benefit of this reduction in stamp duty shall be applicable only for the documents or instruments of Conveyance or Agreement to Sell of any type of residential unit i.e. the flat or individual bungalow or row house or any independent house or any type of tenement where Woman/Women are the ‘only purchasers’ of such type of residential unit.

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