Applicability of stamp duty on Advance Bank Guarantee and Performance Bank Guarantee in Maharashtra?

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Discusses stamp duty on Advance & Performance Bank Guarantees in Maharashtra. Duty is 0.1% up to Rs.10 lakh and 0.2% above Rs.10 lakh; certain secured cases may attract 0.3%, subject to conditions and caps as per govt notifications.

vikas

vikas (Querist)
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19 August 2025 Dear All.

Do you have any information on the applicability of stamp duty on Advance Bank Guarantee and Performance Bank Guarantee in Maharashtra?

Please provide the latest notification, the percentage (0.1% or 0.3%), and threshold limits, if any. ( applicable for below and above guarantee amount)

Best Regards,

Vikas Lohar –

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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19 August 2025 Notification Date: Maharashtra government issued Order No. 5 / Stamp No. 21 /Case No. 06/Twenty16/480/Twenty21 on October 27, 2021, clarifying applicability for bank guarantees, confirmed in a 2023 circular.
or Bank Guarantees (including both Advance and Performance):

Up to ₹10 lakh: Stamp duty is 0.1% of the guarantee amount (minimum ₹100).

Above ₹10 lakh: Stamp duty is 0.2% of the guarantee amount.

For certain types of collateral (e.g., title deeds deposited as security), above ₹5 lakh stamp duty increases to 0.3%, with a maximum cap for certain documents.

If you need the actual official circular or notification PDF, you may refer to NeSL Circular No.: NeSL/FC/Twenty23/0083 dated June 20, 2023, or visit the official Inspector General of Registration, Maharashtra website.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 September 2025 Good luck....

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