Stamp Duty On Property

Summary

The Maharashtra Stamp Act, 1958, regulates stamp duty on immovable property transactions. Stamp duty is a tax on document execution, with rates varying by property location, transaction type, and value. Penalties apply for undervaluation or delayed payment. For specific rates or payment procedures, consult local resources or legal professionals.

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It seems like you need detailed information about the concept of stamp duty payable on immovable property transactions under the Maharashtra Stamp Act, *. Here are some key points about it:
- Stamp Duty Definition: A tax paid on the execution of certain documents, including property transactions.
- Rates: Vary based on property location, type of transaction, and property value.
- Penalties: Applicable for undervaluation or delayed payment.
Would you like information on the specific stamp duty rates or the procedures for payment in Maharashtra?