What is the Registration Charges in Pune for Resale Flat?

In Pune, Maharashtra, the registration charges for a resale flat are determined by the state government's guidelines under the Maharashtra Stamp Act. The resale flat registration charges in Pune include stamp duty and registration fees, which are essential for legally registering the property in the buyer’s name.

How Much is the Registration Charges for Resale Flat in Pune?

Stamp duty is a tax levied by the government on property transactions. The stamp duty for resale flats in Pune is: 6% of the property value (5% stamp duty + 1% metro cess)

For example, if the resale flat is valued at Rs. 50 lakh, the stamp duty would be: Rs. 50,00,000 × 6% = Rs. 3,00,000

Apart from stamp duty, the buyer must also pay registration charges. In Pune, the registration charges are:

1. 1% of the property value (capped at Rs. 30,000 for properties above Rs. 30 lakh)

2. For properties below Rs. 30 lakh, the registration charge is 1% of the sale value

For example, if the flat costs Rs. 50 lakh, the registration charge is Rs. 30,000 (capped limit).

This is resale flat registration charges in Pune. Hope this helps!

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What is the Stamp Duty and Registration charges for resale house property? Is it under 80c Or Not? 

Hi Tejas. The registration charges in Pune for resale flat are 1 percent of the property value. I bought a resale flat in Hinjewadi a few months ago and have all the details regarding the registration charges. When it comes to registration fees, it varies mainly based on the value of the property, with a bar set on Rs. 30 lakhs as the total house value. I will give you more details about this below.

Registration Charges for Resale Flat in Pune

As I said above, the calculation is based on the value of your property. Here, the charges are 1 percent of the house value below Rs. 30 lakhs. Once the value exceeds Rs. 30 lakhs, there is a cap of Rs. 30,000 as the registration charges. This means that no matter the house value, the registration charges would be fixed at Rs. 30,000.

Here is an example to help you understand better:

For value exceeding Rs. 30 lakhs in total-

Property Value: Rs. 55 lakhs

Registration Fee: Rs. 30,0000

For value below Rs. 30 lakhs-

Property Value: Rs. 26 lakhs

Registration Fee: Rs. 26,000 (1 percent of Rs. 26 lakhs)

I believe this will give you a good idea about the registration fee for resale flat in Pune. Have a good day.

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What Next After Flat Registration?

Hey there, I can share the registration charges in Pune for resale flat with you. I purchased a resale flat in Wakad last month. So, let me share all the details related below.

What are the Resale Flat Registration Charges in Pune?

As per Section 3 of the Indian Stamp Act, 1989, it is compulsory to pay stamp duty and registration charges on every property transaction. When it comes to Pune, the registration charge is one percent on resale property.  Also, I would like to tell you the stamp duty charge for resale property in Pune is 5 percent. The stamp duty is different for males and females for both resale and new properties when we talk about the state of Maharashtra. 

How to Calculate Registration and Stamp Duty Charges in Pune?

Let me help you understand this with an example. Suppose the property you purchase is valued at Rs. 60 lakhs. Now, the breakdown will be something like this:

• The Stamp Duty at 5% will be INR 300000

• The Registration Charges will be INR 30000 (fixed for property value above Rs. 30 lakhs)

• The Local Body Tax (LBT) at 1% will be INR 60000

• The Metro Cess (announced in April 2022) at 1% will be INR 60000

So, the total stamp duty and registration charges in Pune for this property will be Rs. 4,80,000.

This is all I am aware of regarding the resale property registration charges in Pune. I hope you find this information useful!