Metro cess on property registrations in 4 Maharashtra cities hits Rs 3,600 crore

The state of Maharashtra has generated revenue of Rs 3,597 crore from Metro cess, an additional 1% stamp duty on property registration, since its introduction in February 2019. The cess was discontinued in March 2020 due to the financial impact of the Covid-19 pandemic but was reintroduced in April 2022. The duty increase...