Mumbai Cuts Stamp Duty to 0.5% for Homes, 1.5% for Shops – Big Relief

Key points at a glance

• •🏠 Residential societies now pay max 0.5% stamp duty on property transfers.
• •🏬 Commercial properties attract a revised 1.5% rate, down from earlier slabs.
• •💰 Estimated savings of several lakhs per transaction for mid‑range homes.
• •📜 The order is effective immediately, applying to all new registrations.
• •📈 Market analysts expect a short‑term boost in housing society sales.