All you need to know about IGR Maharashtra

It could be easily said that the Registration and Stamps Office of Maharashtra state, is one of the most digitally advanced departments in the country. The sole responsibility of the office of the Inspector General of Registration and Controller of Stamps, is to register documents as per the Registration Act and collect revenue. To help the citizens and to deliver services effectively, the department relies on modern technology, to register and collect documents using well defined procedures, within a specific time frame and in a transparent manner.

IGR Maharashtra: Property valuation

Citizens can assess the stamp duty amount for registration purposes through IGRS Maharashtra. For this purpose, it is important to know the true market value of the property. The department prepares an Annual Statement of Rates (ASR), also known as ready reckoner rates, every year. This can be obtained from the sub-registrar’s office or online, using the following steps:

Step 1: Visit IGRS Maharashtra website (click here) and click on e-ASR >> Process under ‘Online Services’.

Step 2: You will be redirected to a new page where a map will be displayed. Click the area where your property is located.

Step 3: You will be able to see the ready reckoner rates of the area.

IGR Maharashtra: Stamp duty refund

The Maharashtra Stamp Act, 1958, allows refund of stamps purchased by citizens, if the purpose of its use is cancelled or if the stamp is damaged before its use or if it is overpaid.

To apply for a refund, the application has to be submitted to the stamp collector from where the stamps have been purchased, along with the necessary documents within the prescribed time and format.

Documents required for stamp duty refund:

• Online information filling token.
• Document with original stamp.
• Affidavit of the person, if the stamp is purchased by hand.
• Authorised letter or certified copy of power of attorney, if an authorised person is applying for the refund.

If the stamps were purchased by franking:

• Invoice of the franchise stamp dealer, accruing stamp duty to the government.
• Stamp sale certificate / excerpt of stamp sales register.

See also: All you need to know about bhu naksha Maharashtra

IGR Maharashtra: How to calculate stamp duty

Property buyers can easily calculate stamp duty on IGR Maharashtra portal by following these steps:

Step 1: Visit IGR Maharashtra and click on the ‘Stamp Duty Calculator’ option under the ‘Online Services’ section.

Step 2: You will be redirected to a new page where you can select the type of document which needs to be registered.

Step 3: Select the ‘Sale deed’ option to register your property papers and then select the jurisdiction from: Municipal Corporation, Municipal Council, Cantonment and Gram Panchayat.

Step 4: Enter the consideration value and market value to get the stamp duty amount displayed on the screen.

IGR Maharashtra: Index 1, 2, 3 and 4

IGR Maharashtra prepares four types of indices, according to the types of documents being registered:

• For immovable property, Index 1 and Index 2 are prepared.
• Index 1 is prepared according to the initial of the parties’ names in the document.
• Index 2 is prepared according to the village name in the document.
• Index 3 is prepared for Wills.
• For movable property, Index 4 is prepared.

IGR Maharashtra: What is Index II?

The Index II extract is issued by the Registration Department, as an official record of a document or transaction that is recorded in the records of the registering authority, confirming that the transaction has been completed.

Index II contains the following information:

• Type of document: Sale Deed, Agreement for Sale, Gift Deed, Transfer, Mortgage Deed, Exchange of property etc.
• Consideration amount of property.
• Detail of the property, such as municipal jurisdiction, zone and sub-zone with landmark, property description such as CTS number, survey number, hissa number, gat number, floor number, etc.
• Built-up area of the property in sq metres.
• Nature of the property, such as land, residential unit (flat/room/bungalow), commercial unit (office / shop) and industrial unit.
• Name of the parties: vendor(s) – vendee(s) / transferor(s) – transferee(s) / assignor(s) – assignee(s), etc.
• Execution date.
• Registration serial number.
• Stamp duty amount.
• Registration fee.

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