Bought Property in Navi Mumbai? Don’t Delay the Property Transfer or Face Penalties
Published 17 Sep 2025, 7:30 PM IST
Key Points
New property owners in Navi Mumbai must transfer ownership in NMMC property tax records within 3 months.
- This process is called mutation of property.
- Transfer Fee: 0.20% of property value (or Ready Reckoner rate, whichever is higher).
- Inheritance/Family Transfers: Only ₹500 or the stamp duty amount.
- Penalty for Delay: From Oct 1, 2025, late fee = RBI lending rate + 3% per year.
- Delay can mean extra costs, wrong tax bills, and ownership disputes.
Why It Matters
Failing to report the change promptly can lead to several issues:
- You might not receive property tax bills correctly in your name, which can cause confusion or missed obligations.
- The title records remain outdated, which can interfere with future transactions, clear title claims, or legal proofs.
- The municipal corporation (NMMC) uses these records for assessment of property tax and planning; delays can distort tax records and rates.
What Impact Does This Have on Navi Mumbai?
The strict enforcement of property transfer timelines and fees has two key impacts on the city:
- Improved Revenue Collection: By ensuring timely updates, NMMC secures accurate property tax billing, boosting municipal funds for infrastructure and public services.
- Greater Transparency: Updated records reduce disputes, encourage legal compliance, and build trust in Navi Mumbai’s property market.
- Urban Planning Efficiency: With precise property ownership data, NMMC can plan civic amenities and infrastructure more effectively for the city’s growing population.
Process To Transfer Property
Here are the steps generally involved in transferring or mutating a property in Navi Mumbai under NMMC:
- Register the sale deed (or other transfer document) with the relevant registration / stamps department.
- Prepare documents for mutation (ownership deeds, proof of identity, past tax receipts, etc.).
- Submit the application for mutation to NMMC, along with the applicable fee.
- After verification, NMMC updates its property tax records to show your name as the owner.
Current Fee and Penalty Structure
Recent policy changes (Aug 2025) under NMMC clarify how much you need to pay if you transfer property, and what happens if you delay:
- Fee: For general transfers, the fee (or “transfer duty”) is 0.20% of either the consideration stated in the registered deed or the Ready Reckoner rate (whichever is higher).
- For inheritance / family gift / transfers with no monetary consideration: Fee is the lower of the stamp duty fixed by the Registration & Stamps Department or ₹ 500.
- Time-limit: Under the Maharashtra Municipal Corporation Act, you must notify the NMMC of the general property transfer within three months. For inheritance transfers, the allowed period is one year.
- Penalty / Late fee: If you exceed the deadline, a late fee will be levied on the payable transfer fee amount. The calculation for the late fee is based on the Reserve Bank of India’s lending rate plus 3% per annum. This will apply from October 1, 2025, under the revised NMMC policy.
