India, March 6 -- The Maharashtra Budget for 2026-27 presented by Chief Minister Devendra Fadnavis in the assembly on March 6 has proposed increasing the penalty for executing property registration documents with insufficient stamp duty to as much as Rs.1 lakh from the existing penalty of Rs.5,000.

Currently, the penal provisions under Sections 59, 60, 63A and 68A of the Maharashtra Stamp Act prescribe penalties starting from Rs.5,000 for instruments executed with inadequate stamp duty.

The government has now proposed to revise the penalty range from Rs.5,000 up to Rs.1 lakh. The provisions also allow for rigorous imprisonment and financial penalties upon conviction for such violations.

Fadnavis, in his Budget speech, said, "The penal ...