Come 2015, and you will be paying almost 20 per cent more for the stamp duty and registration of your new flat in Mumbai. The new ready reckoner rates will be out on January 1, and as per sources in the Inspector General for Registration Office, Maharashtra, these are moving up by nearly 20 per cent across the city on an average, and will be higher in some pockets.

But there’s good news for those who already have flats and may go in for redevelopment. For alternative accommodation e.g. those going for redevelopment the fees shall be calculated for the extra space the owner gets, and not on the existing space he owns.