Maharashtra Stamp Duty Revenue Rises 17% in First Four Months, Rates Unchanged

Maharashtra's stamp duty revenue rose by 17% during the first four months of the fiscal year, according to state government figures. The increase came despite the ready reckoner rates for stamp duty remaining unchanged since the last revision. The rise reflects a higher volume of property transactions and other documents requiring stamp duty. Analysts suggest that the growth may be driven by a rebound in the real estate market and increased business activity in the state. The government has not announced any new rate changes, indicating that the higher collections are a result of increased demand rather than higher charges.