Buying a flat in Mumbai costs more than its price. You pay stamp duty on the higher of the agreement value and the Ready Reckoner value, a registration fee, and GST if the flat is still under construction. Use this tool to estimate the total before you commit.
Flat purchase cost calculator (Mumbai)
An estimate for residential flats within Mumbai’s municipal limits. Confirm current rates on the IGR Maharashtra website before you pay. Nothing you enter is saved or sent anywhere.
Costs of buying a flat in Mumbai
| Cost | Rate |
|---|---|
| Stamp duty | 6% (5% + 1% metro cess); 5% for a woman buying alone. Charged on the higher of the agreement value and the Ready Reckoner value |
| Registration fee | 1% of the value, up to Rs 30,000 |
| GST (under construction only) | 5% of the agreement value; 1% for affordable housing. No GST on a ready flat with an occupancy certificate |
The women’s 1% concession applies to residential property bought by a woman; it is not available when a woman buys jointly with a man.
Worked example
A ready flat in Malad for Rs 1.2 crore, bought by a man: stamp duty Rs 7,20,000, registration fee Rs 30,000, total about Rs 7,50,000 over the price. Bought by a woman alone: stamp duty Rs 6,00,000, total about Rs 6,30,000.
These tools give general information to help you prepare. They are not legal advice, and nothing you enter is stored or sent anywhere.