{"id":1064,"date":"2023-06-30T15:29:53","date_gmt":"2023-06-30T15:29:53","guid":{"rendered":"https:\/\/simplease.in\/blog\/?p=1064"},"modified":"2023-07-12T15:32:40","modified_gmt":"2023-07-12T15:32:40","slug":"maharashtras-50-stamp-duty-concession","status":"publish","type":"post","link":"https:\/\/simplease.in\/blog\/?p=1064","title":{"rendered":"Maharashtra&#8217;s 50% Stamp Duty Concession"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">5 things a Homebuyer needs to know!<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"600\" src=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/07\/Copy-of-Maharashtra-township-Infographic.png\" alt=\"\" class=\"wp-image-1094\" srcset=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/07\/Copy-of-Maharashtra-township-Infographic.png 800w, https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/07\/Copy-of-Maharashtra-township-Infographic-300x225.png 300w, https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/07\/Copy-of-Maharashtra-township-Infographic-768x576.png 768w, https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/07\/Copy-of-Maharashtra-township-Infographic-200x150.png 200w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><em>1. What is a township project?<\/em><\/h2>\n\n\n\n<p class=\"has-medium-font-size\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">According to Maharashtra Government&#8217;s definition, an Integrated Township Project can come up where there is a suitable area of 40 hectares or 100 acres at one place.<\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><em>2. Concession is not applicable in Mumbai <\/em><\/h2>\n\n\n\n<p class=\"has-medium-font-size\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">The 50 percent stamp duty concession will not be applicable in Mumbai.<\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><em>3. 50 percent stamp duty concession is on first transaction only<\/em><\/h2>\n\n\n\n<p class=\"has-medium-font-size\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">According to the order, the stamp duty concession of 50 percent will be applicable for the first transaction made by the developer to the first homebuyer, and not for resale transactions.<\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><em>4. Stamp duty concession is applicable for land purchase by developer<\/em><\/h2>\n\n\n\n<p class=\"has-medium-font-size\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">The Maharashtra Government has said that remission of stamp duty is also applicable for developers of township projects at the time of purchase of land from the landowners.<\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\"><em>5. 100 percent stamp duty will be levied in case of violations<\/em><\/h2>\n\n\n\n<p class=\"has-medium-font-size\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">According to the Maharashtra Government order, the homebuyers or developers will be liable to pay the entire 100 percent stamp duty in case there is a violation of the conditions or of the regulations of the Integrated Township Project.<\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>5 things a Homebuyer needs to know! 1. What is a township project? According to Maharashtra Government&#8217;s definition, an Integrated Township Project can come up where there is a suitable area of 40 hectares or 100 acres at one place. 2. Concession is not applicable in Mumbai The 50 percent stamp duty concession will not [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,16,18],"tags":[56,54,52,49,70],"class_list":["post-1064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india","category-infographics","category-mumbai","tag-mumbai","tag-mumbairealestate","tag-realestate","tag-residentialrealestate","tag-simplease-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maharashtra&#039;s 50% Stamp Duty Concession - Simplease Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simplease.in\/blog\/?p=1064\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maharashtra&#039;s 50% Stamp Duty Concession - Simplease Insights\" \/>\n<meta property=\"og:description\" content=\"5 things a Homebuyer needs to know! 1. 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