Stamp duty

The Bombay Stamp Act applies to the entire State of Maharashtra

Under Article 48 of schedule –I, the stamp duty for Power of Attorney is

a.for sole purpose of registration= Rs. 100

b.for suits in small causes court= Rs. 100

c.for acting in a single transaction to one or more person= Rs. 100

d.for acting in more than one transaction or generally to one person= Rs. 100

e.for acting in one or more transactions or generally to one or more persons=Rs. 100

f.(i) for or without consideration and authorising to sell an immovable property=    Same as on a   

                                                                                                                         conveyance on the market value

(ii) for authorizing to sell immovable property without consideration and given to parents, siblings, spouse, children, grand children, other close relatives= Rs. 500

g.for construction, development, sale etc. to a developer or promoter= Same as on a conveyance on the

                                                                                                                                       market value

h.in any other case=Rs. 100

Special Points: 1.In case of (f), set off of duty paid will be given on execution of the conveyance 2.Duty payable under (g) will be Rs. 100 only if duty is already paid under Article 5 (g-a) on Development Rights’ Agreement