What is the stamp duty exemption under MTP 2024?
The Revenue and Forest Department issued a notification on 15 October 2024 under the Maharashtra Stamp Act providing remission of stamp duty for tourism projects. This applies to instruments executed during the policy period (18 July 2024 to 17 July 2034).
Zone-wise stamp duty exemption rates
| Zone | Coverage area | Exemption rate |
|---|---|---|
| Zone A | Mumbai, Thane, Navi Mumbai Municipal Area | 50% |
| Zone B | Nashik, Pune, Aurangabad, Nagpur Municipal Corporations | 75% |
| Zone C | Rest of Maharashtra (excluding Zones A & B) | 100% |
| STZ / STD | Specially Declared Tourism Zones & Destinations | 100% |
ZoneZone A
Coverage areaMumbai, Thane, Navi Mumbai Municipal Area
Exemption rate50%
ZoneZone B
Coverage areaNashik, Pune, Aurangabad, Nagpur Municipal Corporations
Exemption rate75%
ZoneZone C
Coverage areaRest of Maharashtra (excluding Zones A & B)
Exemption rate100%
ZoneSTZ / STD
Coverage areaSpecially Declared Tourism Zones & Destinations
Exemption rate100%
Which instruments qualify?
- Sale deeds for land / built-up area for tourism projects
- Lease deeds for tourism project land
- Mortgage and hypothecation for tourism project finance
How much can you save?
Maharashtra stamp duty on conveyance deeds is typically 5–6% of the property value in most districts (higher in Mumbai). For a ₹10 crore land purchase in Zone C (100% exemption), you save approximately ₹50–60 lakh in stamp duty and registration charges. In Zone A (50% exemption), savings are roughly half that amount.
Application process for stamp duty NOC
- Contact Hotel Subsidy Solutions before any land deal
- Obtain stamp duty NOC from Directorate of Tourism — prior to land purchase
- Execute sale/lease deed at registration with applicable exemption applied
- Then proceed: DoT NOC for tourism FSI → building sanction → PRC after sanction
- Mortgage and hypothecation deeds for project finance also qualify for exemption
- Registration fee exemption is included alongside stamp duty remission
Stamp duty exemption for hotel developers — key points
- Stamp duty NOC must be obtained prior to land purchase — not after
- Applies to new tourism units and eligible expansion projects
- Both land purchase (sale deed) and long-term lease (lease deed) qualify
- Mortgage instruments for project financing are covered
- Exemption percentage depends on zone, not project size
- Zone C and STZ/STD offer the maximum 100% exemption
- Combined with capital subsidy and SGST, stamp duty savings significantly improve project IRR