Revised Stamp Duty and Ready Reckoner

Rates for Maharashtra in 2014

On Tuesday 31st December, Maharashtra govt announced the revised stamp duty and ready reckoner rates for
2014.These new rates will be used in effect from January 2014 for calculating minimum registration and stamp
duty charges while registering property and these changes will tremendously hike in the property prices.
The government has decided that on lavish apartments with modern amenities like swimming pool, helipads and
ceiling higher than 9 ft will need to pay up to 50% more stamp duty charges than normal regular apartments and
also apartments that surpass 4,000 sq.mt or one acre of plot with amenities like swimming pool, club house and
fitness center will need to pay additional 15%. This figure is over and above the up to 20% increase in the ready
reckoner rates.
For example a flat in Bandra that surpass 4,000 sq.mt that would cost 10 cr in 2013 with stamp duty 50 lakhs
then the same flat in 2014 will cost 12 Cr approx with stamp duty 60 lakhs (with 20% increase in the ready
reckoner rates). If the same flat is having amenities like swimming pool and club house then the same flat will
cost 13.85 cr with stamp duty 69 lakhs.
As per real estate experts, the government has smartly doubled the ready reckoner rates for super-luxury
properties and bungalows which surpass 4,000 sq.mtr or one acre. For post 20% hike, Super-Luxury properties
in Mumbai, RR rates may have increased to say 25,000 per sq.ft. So, for a luxury building with additional
amenities, the property value will be hiked by an additional of 15% over and above the average of 20%. Hence,
the RR rate will set up to Rs 28,750 per sq ft. Now, the stamp duty must be paid on the property value of Rs
28,750 a sq ft.
These new RR rates will also effected on luxury redevelopment projects. In the city construction cost for RCC
buildings risen 32% i.e. from Rs. 19,600 sq.mtr (2013 yr) to Rs. 25,500 sq.mtr (2014 yr). In the suburbs it has
risen 36% i.e. Rs 17,800 sq.mtr (2013 yr) to Rs 24,000 sq.mtr (2014 yr).
The government asked developers to pay stamp duty on the refundable deposit given to tenants for redeveloping
a plot. If the property value falls below the RR rate, the stamp duty will be computed as per the land plus
construction cost (LCC) method.When the stamp duty is computed by this method, tenants of 20-year-plus
buildings will not get the benefit of even 5% depreciation of the property's value when they file their income-tax
returns.
The increase in RR rates has multiple effects on buyer like:
1) 5% stamp duty
2) Registration fee of 1%
3) Service tax of 3%
4) Local body tax of 1%
5) MVAT of 1%.
Hence, a buyer will now have to pay a total of 11% as tax to the government. For example, for a flat of Rs.
10,000 per sq ft, the buyer will have to pay Rs 11,009 to the government, which is going to be body blow to the
already limping real estate fraternity.

Thane Stamp Duty Rates for Sale Agreement

Stamp Duty Rates in Thane for Sale Agreement
(W.E.F. 25th April 2012)

Rate of
Tax

No.

Location of property

(i)

within the limits of any Municipal Corporation or any Cantonment area

annexed to it or any urban area not mentioned in sub-clause (ii).

5%

(ii)

within the limits of any Municipal Council or Nagar Panchayat or

Cantonment area annexed to it, or any rural area within the limits of the
Mumbai Metropolitan Region Development Authority, or the Influence
Areas as per the annual statement of rates published under the Bombay
Stamp (Determination of True Market Value of Property) Rules, 1995.

4%

(iii)

within the limits of any Grampanchayat area or any such area not
mentioned in sub-clause (ii)

3%

Notes.
(1)

Stamp Duty rate is same for commercial and residential property.

(2)

Stamp Duty is payable on agreement value or market value, whichever is higher.

(3)

Stamp duty is charged for every Rupees 500 or part thereof of the market value, for practical purpose.

(4)

Stamp duty on agreement for sale prior to 10-12-1985 is Rs.5 only.

(5)

Stamp duty on sale deed prior to 4-7-1980 is payable on agreement value only.

(6)

Stamp Duty must be paid at the time of execution of the agreement. Stamp duty late payment penalty is 2 percent per

month on deficit stamp duty amount, subject to maximum 2 times of the deficit stamp duty amount.
(7)

Local Body Tax (LBT) @ 1 percent of Market Value of property by way of additional Stamp Duty is charged in few

Municipal Corporation areas. This 1 percent tax is over and above the 5 percent of Market value charged as a regular Stamp
Duty.

NAVI MUMBAI MUN. CORP. Ready Reckoner And Stamp Duty Rates
Village
No

Area

Optional

P 1 - 10

RABALE

Ready Reckoner Rates in RABALE

P 1 - 11

SAVLI

Ready Reckoner Rates in SAVLI

P 1 - 12

KOPERKHAIRNE

Ready Reckoner Rates in KOPERKHAIRNE

P 1 - 13

DIGHE

Ready Reckoner Rates in DIGHE

P 1 - 14

GHANSOLI

Ready Reckoner Rates in GHANSOLI

P 1 - 15

GOTHVALI

Ready Reckoner Rates in GOTHVALI

P 1 - 16

KOPERKHAIRNE

Ready Reckoner Rates in KOPERKHAIRNE

P 1 - 17

TALVALI

Ready Reckoner Rates in TALVALI

P 1 - 18

VASHI

Ready Reckoner Rates in VASHI

P 1 - 19

BORIVALI

Ready Reckoner Rates in BORIVALI

P 1 - 20

ILTHAN

Ready Reckoner Rates in ILTHAN

P 1 - 21

MAHAPE

Ready Reckoner Rates in MAHAPE

P 1 - 22

PAVNE

Ready Reckoner Rates in PAVNE

P 1 - 24

TETWALI

Ready Reckoner Rates in TETWALI

P 1 - 25

BHUTAWALI

Ready Reckoner Rates in BHUTAWALI

P1-4

GHANSOLI

Ready Reckoner Rates in GHANSOLI

P1-5

VASHI

Ready Reckoner Rates in VASHI

P1-6

DIGHE

Ready Reckoner Rates in DIGHE

P1-7

GOTHVALI

Ready Reckoner Rates in GOTHVALI

P1-8

TALVALI

Ready Reckoner Rates in TALVALI

P1-9

GHANSOLI

Ready Reckoner Rates in GHANSOLI

P 1- 23

RABALE

Ready Reckoner Rates in RABALE

P2-4

NERUL

Ready Reckoner Rates in NERUL

P2-1

SANPADA

Ready Reckoner Rates in SANPADA

P 2 - 10

MOKASHI

Ready Reckoner Rates in MOKASHI

P 2 - 11

GOTEGHAR

Ready Reckoner Rates in GOTEGHAR

P 2 - 12

BHANDARLI

Ready Reckoner Rates in BHANDARLI

P 2 - 13

DAHISAR

Ready Reckoner Rates in DAHISAR

P 2 - 14

VALVALI

Ready Reckoner Rates in VALVALI

P 2 - 15

PIMPRI

Ready Reckoner Rates in PIMPRI

P 2 - 16

UTTARSHIV

Ready Reckoner Rates in UTTARSHIV

P 2 - 17

NAGAON

Ready Reckoner Rates in NAGAON

P 2 - 18

NAWALI

Ready Reckoner Rates in NAWALI

P 2 - 19

NIGHU

Ready Reckoner Rates in NIGHU

P2-2

NERUL

Ready Reckoner Rates in NERUL

P 2 - 20

NARIVALI

Ready Reckoner Rates in NARIVALI

P 2 - 21

BALE

Ready Reckoner Rates in BALE

P 2 - 22

WAKLAN

Ready Reckoner Rates in WAKLAN

P 2 - 23

BAMARLI

Ready Reckoner Rates in BAMARLI

P2-3

BELAPUR

Ready Reckoner Rates in BELAPUR

P2-5

SARSOLE

Ready Reckoner Rates in SARSOLE

P2-6

KUKSHET

Ready Reckoner Rates in KUKSHET

P2-7

SHIRWANE

Ready Reckoner Rates in SHIRWANE

P2-8

SHAHBAZ

Ready Reckoner Rates in SHAHBAZ

P2-9

SONKHAR

Ready Reckoner Rates in SONKHAR

P1 - 1

AROLI

Ready Reckoner Rates in AROLI

P1 - 2

KARAVE

Ready Reckoner Rates in KARAVE

P1 - 3

KOPEERKHAIRNE

Ready Reckoner Rates in KOPEERKHAIRNE

KOPEERKHAIRNE Ready Reckoner Rate

2014
NAVI MUMBAI MUN. CORP. - TALUKA THANE, VILLAGE KOPEERKHAIRNE
Village
No.
/ Zone
No.

Details

Rate of Open Rate of Building + Land in Rs. per sq. mtr. Built-up
Land per
Residential Office /
Shop / Industrial
Sq. Mtr.
Building
Commercia Comm Area
l
ercial
On Above
on
floor
Groun
d
floor

3/67.

Koperkhairne Node Sector No.1.

29700
Plot No.1 /1 N E, 1/1, 1/2/B,
1/2/A, 1/2,1/3,1/4,1/4/N, 1/5/S,
1/5,1/6, 1/7, 1/7/A, 1/8/S, 1/8/N,
1/8 to 1/36, 1/37/A, 1/37 to 1/93

94900

80800

97300

80800

3/68.

Koperkhairne Node Sector No. 1

A.
Plot No. 1 A/1 to 1 A/33, 1
A/34A,1 A/34 to 1A/131

28600

60500

76400

91800

76400

3/69.

Koperkhairne Node Sector No.2.

33600
Plot No. 2/1 NW, 2/1, 2/2/A,
2/2/B, 2/3, 2/4, 2/4/N, 2/5, 2/5/S,
2/6, 2/7/A, 2/7, 2/8/N, 2/8/S, 2/8
to 2/95, 2/105

68800

86600

103400 86600

3/70.

Koperkhairne Node Sector No.2A. 34600

Plot No. 2A/1 to 2A/55, 2A/55/B,
2A/55/A, 2A/56 to 2A/68

70800

88200

106000 88200

3/71.

Koperkhairne Node Sector No.3.

35700
Plot No. 3/1/A, 3/1, 3/2, 3/2/A,
3/3, 3/4/EN, 3/4, 3/4/N, 3/5,
3/5/1, 3/6, 3/7/A, 3/7, 3/8/N, 3/8,
3/8/S, 3/9 to 3/22, 3/24, 3/25,
3/25/A, 3/26 to 3/84, 3/86,
3/89A, 3/91/A, 3/94 to 3/100

71900

90300

108700 90300

3/72.

Koperkhairne Node Sector No.4.

30700
Plot No. 4/1/A, 4/1, 4/2, 4/2/A,
4/2/B, 4/3, 4/4, 4/4/N, 4/5/S, 4/5,

65100

81400

97600

81400

4/6, 4/7/A, 4/7, 4/8, 4/8/N, 4/8/S,

4/9 to 4/24, 4/24/A, 4/25 to 4/91,
4/91/A, 4/92 to 4/100

3/73.

Koperkhairne Node Sector No.4A, 30500

Plot No. 4A/1 to 4A/8, 4A/9/E,
4A/9/W, 4A/9 to 4A/142

66100

83500

99700

83500

3/74.

Koperkhairne Node Sector No.5.

Plot No. 5/1, 5/1/A, 5/2, 5/2/B,
5/2/A, 5/3, 5/4, 5/4/N, 5/4/EN,
5/5, 5/5/S, 5/6, 5/6/EN, 5/7,
5/1/A, 5/8, 5/8/N, 5/8/S, 5/9,
5/10, 5/10/EN, 5/11, 5/12/A,
5/12/B, 5/12 to 5/24, 5/24/A,
5/24/B, 5/25 to 5/34, 5/35/A,
5/35 to 5/80

35800

70900

89200

106600 89200

3/75.

Koperkhairne Node Sector No.6.

Plot No. 6/1, 6/1/A, 6/2/A, 6/2,
6/2/B, 6/3, 6/4, 6/4/N, 6/5,
6/4/EN, 6/5/S, 6/6, 6/6/EN,
6/7/EN, 6/7/A, 6/8, 6/8/N, 6/8/S,
6/9/EN, 6/9 to 6/80, 6/91/A

36300

73500

92400

110200 92400

3/76.

Koperkhairne Node Sector No.7.

37000
Plot No. 7/1/A, 7/1, 7/2, 7/2/A,
7/2/B, 7/3, 7/4, 7/4/N, 7/4/EN,
7/5/S, 7/5, 7/6, 7/7, 7/7/A, 7/8,
7/8/N, 7/8/S, 7/9, 7/9/EN, 7/10 to
7/41, 7/42/A, 7/42 to 7/94

74000

92900

110200 92900

3/77.

Koperkhairne Node Sector No.8.

36700
Plot No. 8/1/A, 8/1,8/2/A, 8/2,
8/21B, 8/3, 8/4/EN, 8/4/N, 8/4,
8/5, 8/5/S, 8/6, 8/7, 8/7/A, 8/8,
8/8/S, 8/8/N, 8/9, 8/9/EN, 8/10 to
8/42, 8/42/A, 8/43 to 8/90

70300

88200

105500 88200

3/78.

Koperkhairne Node Sector No.9.

Plot No. 9/1 to 9/6, 9/6/A, 9/7 to
9/20

30400

63000

78700

94500

3/79.

Koperkhairne Node Sector No. 10. 34100

Plot No. 10/1 to 10/6, 10/7/A,
10/7, 10/7/B, 10/8/B, 10/8,
10/8/A, 10/9/C, 10/9/A, 10/9/B,
10/10 to 10/27

68700

86100

103400 86100

78700

3/80.

Koperkhairne Node Sector No.11.

Plot No. 11/1 to 11/13, 11/14/A,
11/41/1 to 11/14/69, 11/15,
11/16, 11/16/A, 11/17, 11/18,
11/18/A, 11/18/C, 11/18/B,
11/19, 11/19/A, 11/20, 11/21,
11/22, 11/23, 11/24

41000

80300

100800

121800 100800

3/81.

Koperkhairne Node Sector No. 12. 20700

Plot No. 12/Gaothan

48300

61000

72400

3/82.

Koperkhairne Node Sector No.13.

Plot No. 13/4/A, 13/8, 13/9,
13/10, 13/11, 13/12

32400

66000

82500

100100 82500

3/83.

Koperkhairne Node Sector No.14.

Plot No. 14/1 to 14/11, 14/13,
14/14, 14/15, 14/19 to 14/42,
14/42/A, 14/43, 14/44, 14/45,
14/45/A, 14/46, 14/47, 14/52,
14/53, 14/54, 14/55/A, 14/55 to
14/118

35700

71900

90300

108700 90300

3/84.

Koperkhairne Node Sector No. 15. 34900

Plot No. 15/1/E, 15/1, 15/2,
15/2/B, 15/2/A, 15/3, 15/4,
15/4/N, 15/5, 15/5/S, 15/6, 15/7,
15/7/A, 15/8/N, 15/8, 15/8/S,
15/9 to 15/82

69300

87100

105000 87100

3/85.

Koperkhairne Node Sector No. 16. 34500

Plot No. 16/1/S, 16/1, 16/2,
16/2/B, 16/2/A, 16/3, 16/4,
16/4/N, 16/5/S, 16/5, 16/6,
16/7/A, 16/7, 16/8/N, 16/8,
16/8/S, 16/9 to 16/107

71500

89100

107200 89000

3/86.

Koperkhairne Node Sector No. 17. 36300

Plot No. 17/1/N, 17/1, 17/2/A,
17/2, 17/2/B, 17/3, 17/4/N, 17/4,
17/5, 17/5/S, 17/6, 17/7/A, 17/7,
17/8/A, 17/8/B, 17/8/C, 17/8/N,
17/9 to 17/26, 17/27/A, 17/27 to
17/47, 17/48/A, 17/48 to 17/94

72000

90700

108300 90700

3/87.

Koperkhairne Node Sector No.18.

Plot No. 18/1, 18/1/N, 18/2/A,

72000

90700

107200 90700

33000

61000

18/2/B, 18/2,18/3,18/4/N,
18/4,18/5/S,
18/5,18/6,18/7,18/7/A, 18/8/N,
18/8/S, 18/8 to
18/75

3/88.

Koperkhairne Node Sector No. 19. 17700

Gaothan.

44000

55000

66000

3/89.

Koperkhairne Node Sector No.20. 35700

Plot No. 20/1 to 20/13, 20/20 to
20/26, 20/26/A, 20/26/B, 20/27
to 20/33, 20/33/A, 20/34 to 20/73

71900

90300

108600 90300

3/90.

Koperkhairne Node Sector No.21.

Creek.

NA

NA

NA

NA

NA

3/91.

Koperkhairne Node Sector No.12.

G.E.S.

24100

56300

70100

84000

70100

3/92.

Koperkhairne Node Sector No.19.

G.E.S.

19800

51700

64400

78200

64400

3/93.

Koperkhairne Node Sector No.22.

For Koperkhairne 2A Row
Housing.

28600

59900

79200

90200

79200

3/94.

Koperkhairne Node Sector No.23.

For Koperkhairne 2A Row
Housing.

29000

62700

78600

94000

78600

3/95.

Koperkhairne Node Sector No.2.

All the properties on road from
Vashi to Koperkhairne
Plot No. 2/96 to 2/104

36300

72600

90200

108300 90200

3/96.

Koperkhairne Node Sector No.2A. 33000

All the properties on road from
Vashi to Koperkhairne
Plot No. 2A/58 to 2A/62, 2A/64

66500

84100

100600 84100

3/97.

Koperkhairne Node Sector No.6.

All the properties on road from
Vashi to Koperkhairne

69300

86900

104500 86900

34600

55000

Plot No. 6/81 to 6/91

3/98.

Koperkhairne Node Sector No.7.

All the properties on road from
Vashi to Koperkhairne
Plot No. 7/95 to 7/105

35200

70400

89100

105600 89100

3/99.

Koperkhairne Node Sector No. 10. 34600

All the properties on road from
Vashi to Koperkhairne
Plot No. 10/9

69300

86900

104500 86900

3/100.

Koperkhairne Node Sector No.13.

All the properties on road from
Vashi to Koperkhairne
Plot No. 13/1 to 13/7, 13/7A

34600

69300

86900

104500 86900

3/101.

Koperkhairne Node Sector No.14.

All the properties on road from
Vashi to Koperkhairne
Plot No. 14/12, 14/16, 14/17,
14/18, 14/18A

34600

69300

86900

104500 86900

3/102.

Koperkhairne Node Sector No.15. 30600

All the properties on road from
Vashi to Koperkhairne
Plot No. 15/83 to 15/93

67600

84100

100600 84100

3/103.

Koperkhairne Node Sector No. 18. 35700

All the properties on road from
Vashi to Koperkhairne
Plot No. 18/76 to 18/84

72600

84100

100600 84100

3/104.

Koperkhairne Node Sector No.19

Gaothan.
All the properties on road from
Vashi to Koperkhairne
Plot No. 19/230, 19/229

24700

54400

68200

81900

3/105.

Koperkhairne Node Sector No.20. 35700

All the properties on road from
Vashi to Koperkhairne
Plot No. 20/14 to 20/19

75600

94000

112900 94000

3/106.

Koperkhairne Node Sector No.3.

64900

78100

88000

30800

68200

78100

All the properties on road from

Vashi to Koperkhairne
Plot No. 3/85, 3/87 to 3/93, 3/23

KOPERKHAIRNE Ready Reckoner Rate 2014

NAVI MUMBAI MUN. CORP. - TALUKA THANE, VILLAGE KOPERKHAIRNE
Village
No.
/ Zone
No.

Details

11/217. Koperkhairne (Part) Non

Agricultural Use. Per Sq.Mtr.
Gat No. 312, 492, 506 to 512

Rate of Open Rate of Building + Land in Rs. per sq. mtr. Built-up
Land per
Residential Office /
Shop / Industrial
Sq. Mtr.
Building
Commercia Comm Area
l
ercial
On Above
on
floor
Groun
d
floor

12400

35200

45100

53300

45100

KOPERKHAIRNE Ready Reckoner Rate 2014

NAVI MUMBAI MUN. CORP. - TALUKA THANE, VILLAGE KOPERKHAIRNE
Village
No.
/ Zone
No.

Details

15/222. Koperkhairne (Part)

Gat No. 26 to 32, 36 to 44

Rate of Open Rate of Building + Land in Rs. per sq. mtr. Built-up
Land per
Residential Office /
Shop Industrial
Sq. Mtr.
Building
Commercial /
Area
On Above
Com
floor
merci
al
on
Grou
nd
floor

12100

34100

43400

51700 43400