Understanding Plot Registration Charges in Maharashtra
Buying a plot involves costs beyond the basic property price. Stamp duty and registration charges are significant components you must budget for when buying land in Nagpur.
Current Rates
- Stamp Duty: Generally ranges around 6% to 7% of the property value (Ready Reckoner Rate or Agreement Value, whichever is higher). Note that female co-owners often get a 1% concession.
- Registration Fee: Usually 1% of the property value, capped at Rs. 30,000.
Always consult a legal advisor and keep additional funds ready for local body taxes (like Metro cess, if applicable) during registration.
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