LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Atik j.pathan (Self employed )     23 August 2024

Stamp duty for private company on purchase of land

If I purchase agriculture land (maharashtra)in name of private company instead of individual name does stamp duty rate differs ,and if yes how much?



Learning

 2 Replies

T. Kalaiselvan, Advocate (Advocate)     23 August 2024

Stamp duty is payable for the purchase of agricultural land in Maharashtra, and the rate depends on the city. As of July 2024, the stamp duty in Maharashtra ranges from 6% to 7%. In Mumbai, the stamp duty is 6%, which is 1% higher than the rest of the state to fund infrastructure projects. The state government may also offer concessions or waive some charges to encourage property investment. 
 
 

kavksatyanarayana (subregistrar/supdt.(retired))     23 August 2024

To my best, there is no such exemption for the purchase of lands by a company except IT.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register