How to Buy, Sell & Register Property in Maharashtra and its Hill Stations

Are you interested to buy property in Mumbai, Pune and Maharashtra real estate be it your second home or investment property or vacation home or retirement home?

Online property-advertising platforms enable interested users to explore advertised property information from different locations. If you wish to explore advertised properties in Panchgani, Lonavala or Mahabaleshwar, Hills & Wills is an online property-advertising platform dedicated exclusively to hill-station properties across India. Its hill-specific listing fields enable advertisers to present relevant property particulars such as surrounding views, climate, altitude, terrain, gradient, access, water source, fencing and revetment. Interested users can search, view and compare the advertised information and connect directly with the respective property owners or other advertisers.

After choosing a property, how to register a property in Maharashtra be it is in Mumbai, Pune or hill stations like Lonavala, Panchgani and Mahabaleshwar?

If that is your question, then this blog could be useful to you to understand about the prevailing property registration procedure in Maharashtra!

The authority that oversees and governs the registration of documents in Maharashtra is the Inspector General of Registration and Controller of Stamps also referred to as IGRS. They have a dedicated website that http://igrmaharashtra.gov.in/frmHOME.aspx that facilitates a variety of functions. Let us look into them one by one.

Accessing the Annual Statement of Rates (ASR)

The ASR can be accessed from the e-ASRtab in the online services section.

• Click on the PROCESS option in e-ASR tab
• A district map will open
• Click on the desired district, a new page open
• Select the Taluka and the Village
• You will get the property rates across types
• This data is historical, the values are available for each year starting 2014

Property valuation

The precursor to calculate the stamp duty is determination of market value of property. To get the value of the property, first enter the above-mentioned website, then click on the https://igreval.maharashtra.gov.in/valuation tab. 

• A login page will open with an option to enter your mobile number
• Upon entering your phone number, you will receive an OTP
• After entering this OTP, the valuation main screen will open with 3 options; Valuation of urban area, valuation of rural area and valuation of influence area

For easy understanding let us consider the valuation of a flat

• The user has to click on ‘valuation of urban area’
• The categories for property evaluation like ‘open land’ and ‘built up’will open
• Once the option ‘built up’ is chosen, further subcategories like Residential unit, Office unit, Shop unit, Industrial unit etc will appear
• Click on residential unit, a screen will open with options like Flat, Row House, Penthouse, Duplex, Bungalow etc
• Choose Flat
• You will be directed to a new page where you must input location details
• Enter the details and click NEXT
• You will be directed to another page wherein you can input details pertaining to Area, Measurement unit, Depreciation, Construction type and features of the property like Availability of lift, Open terrace and Covered parking
• Once you enter these details, click on CALCULATE
• The calculated cost for the flat will appear

Calculation of stamp duty

• Click on the stamp duty calculator under the online services tab
• You will be able to see options like Sale Deed, Agreement to sale, Simple Mortgage Deed etc
• Let us consider you wish to calculate the stamp duty for a sale deed. Click on sale deed
• You will be prompted to enter the administrative division like Municipal Corporation, Municipal Council, Cantonment & Gram Panchayat
• Upon choosing the Municipal Corporation, you will get an option to choose from different municipal corporations like Mumbai Municipal Corporation, Nagpur Municipal corporation etc
• Choose the applicable corporation, you will be prompted to enter the consideration and market value
• Enter the values and click SUBMIT
• You will be able to see the stamp duty

Application of stamp duty and registration fee refund

• In some cases where the property deal is cancelled, a citizen can apply for stamp duty and registration fee refund on the IGRS website
• To apply, click on ‘Stamp Duty Refund’ tab under online services
• Choose the option ‘Process’
• There are 3 possibilities under this process. Firstly, one can submit a new refund application, if an application is already submitted, one can track status and also make modifications to the application
• For new application click on New Entry. You will be prompted to register through your mobile number. Upon entering the OTP and captcha, you will be issued a refund token number
• Once you create a password, a new application form will open for the provided token number
• On the other hand, you can view or modify the status of an application by inputting the token number and password. Click on MODIFY or VIEW STATUS accordingly

Property-document registration procedure

The procedure for registering a property document may vary according to the nature of the document, property location and services currently enabled by the Maharashtra Department of Registration and Stamps. Users may access the applicable online services for property valuation, stamp-duty payment, Public Data Entry and appointment-related processes through the official IGR Maharashtra portal. Where required, the parties must visit the applicable Sub-Registrar’s Office with the necessary documents for execution, identity verification and registration.

Prior to that what is the best way to sell a property in Maharashtra hill stations?

Similar to buyers, property owners can compare the property focus, listing plans, validity, advertising cost and promotional features offered by different online property-advertising platforms. Eligible owners of properties in Lonavala, Panchgani, Mahabaleshwar and other Maharashtra hill stations can post a property Ad for free or choose an applicable paid listing plan on Hills & Wills to sell property online or advertise it for rent. Its hill-specific listing fields enable advertisers to present relevant property particulars, while interested users can search, view and compare the advertised information and connect directly with the respective property owners or other advertisers. When an advertisement is posted directly by the property owner, users may also have an opportunity to avoid brokerage.

Eligible real-estate agents, dealers, builders and promoters may post multiple authorised property advertisements under the applicable plans, subject to the platform’s terms and legal requirements, including any registration required under applicable law. Project advertisements must include the applicable RERA registration particulars or a valid basis for RERA exemption.