Ronak, Mumbai
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Stamp Duty and Registration Charges in Mumbai
Q: Hi, i want to know the current stamp duty and registration charges of property in Mumbai?

My comments to replies
Hi Sandeep, Registration charge in Mumbai is 1% of the total value of the property. This means that if the property is registered for Rs 60 lakh, the registration charge will be Rs 60000. Similarly, stamp duty in Mumbai is 5% of the total cost of the property. This takes into account the value of the property shown on the paper, or the RR rates (Ready Reckoner) defined by the government, whichever is higher.
its 1% or Rs.30000/- whichever is less. so in the example provided, it will be rs. 30000/-
6th February 2016

Can builder charge VAT & Service Tax after getting CC?

My replies to this discussion
In Technical terms CC means Commencement Certificate and not completion certificate. YES, builder HAS to charge Service tax and VAT for flats sold even before or after obtaining CC. once the building is complete, government issues OC which means Occupancy Certificate, and flats sold / registered after that are free of Service tax and VAT.In Technical terms CC means Commencement Certificate and not completion certificate. YES, builder HAS to charge Service tax and VAT for flats sold even before or after obtaining CC. once the building is complete, government issues OC which means Occupancy Certificate, and flats sold / registered after that are free of Service tax and VAT.
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