The Maharashtra government has announced a significant increase in the document handling fee for property registration, drawing criticism from various stakeholders. This move is expected to impact homebuyers and property owners across the state.
MaharashtraProperty RegistrationDocument Handling FeeReal EstateHousingReal Estate MaharashtraApr 16, 2025
The new document handling fee for property registration in Maharashtra has been increased to Rs. 200, effective from May 1, 2025.
The government claims that the fee increase is necessary to improve the efficiency and transparency of the property registration process and to enhance revenue collection.
The fee increase may discourage prospective homebuyers, particularly first-time buyers and those in the economically weaker sections, leading to a potential slowdown in property transactions.
The government has introduced several initiatives, including e-stamping and online property verification systems, to digitize records and reduce corruption in the property market.
Yes, the Maharashtra government has set up a helpline to assist citizens with any queries or issues related to the new document handling fee.
Latest real estate news, Housing prices in NCR and MMR, unsold inventory plunges
Sunteck Realty, a prominent player in the Maharashtra property market, witnessed a 30% decline in sales during Q1 FY25, despite strong housing demand.
If a resident parent gifts real estate to a non-resident son, does it trigger reporting obligations or have any tax implications?
Under KP Singh's guidance, DLF has transformed into a real estate juggernaut with a market capitalization of ₹2,10,426 crore and revenues of ₹6,958 crore. His visionary leadership has set new benchmarks in the industry.
The real estate sector continues to show resilience, with select stocks maintaining upward momentum despite market fluctuations. Discover the key trends and insights shaping the industry.
Renowned lawyer Arun Kathpalia has made headlines by purchasing a luxurious bungalow in the elite Golf Links area of Delhi for a staggering Rs 69 crore. This acquisition underscores the continued interest of high-net-worth individuals (HNIs) and ultra-HNIs in premium real estate.