According to the Maharashtra department of registration and stamps, 3,244 properties were registered in Mumbai alone on March 11, generating Rs 249.42 crore in stamp duty and registration fees. In total, 46,811 conveyance deeds were recorded in the state during the period, generating Rs 877.79 crore in revenue
There is currently a 6% stamp duty fee and a 1% registration fee, in addition to other taxes such as the metro cess and local body tax. Stamp duty has been waived for female homebuyers by 1%. Real estate experts believe that property registrations will be strong, particularly in the high-priced luxury segment, because capital gains tax will be implemented in April. In fact, the month of February saw the highest revenue collection in Mumbai in the previous five years
https://www.constructionworld.in/latest-construction-news/real-estate-news/more-than-3-000-properties-registered-in-mumbai-in-just-11-days/39682
Source: Construction World
