Sneha Hirani
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What is the stamp duty and registration charge when you buy extra area in redevelopment in mumbai?
Q: What is the stamp duty and registration charge when you buy extra area in redevelopment in mumbai?

Latest Answer: Hi, As i know, when a building is redeveloped, stamp duty equivalent to 1% of total market value of the property has to be paid for additions made to the existing structure. This means members of the redeveloped building of a society, who have received a little more apace in the ''extra space'' given by the developers while using TDR. After payment of the stamp duty, the same is required to be registered with the Sub-Registrar on a payment of 1% of the market value or Rs.30000 whichever is less. The current Ready Reckoner available determines the market value.

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