since property is in Mumbai registration of gift deed has to be done in Mumbai only

2) it cannot be done in Pune

3) as per article 34 of Maharashtra stamp act only stamp duty of Rs 200 is leviable on transfer of property from mother to son by way of gift deed .

4) sub registrar would not ask you for payment of LBT s property is in Mumbai only

5) Sale consideration required to be invested in a residential house property and not commercial property

6) On sale of residential property, necessary to invest capital gains in another residential house property and not commercial property for exemption u/s 54.

Local body tax is not applicable on this kind of case. There will be no gift tax too as the property is being given by the mother to her son. As per recent amendment in Maharashtra Stamp Act, the only thing payable is the stamp duty in the case of transfer of property to relative is Rs.500/-.

vide article 34 of Maharashtra stamp act and Notification : dated 31 March 2016, w.e.f. 01/04/2016 Registration Fee 200/- on Gift.

The property situate in Mumbai cannot be registered at Pune

If you sell the property after acquiring it then the capital gains tax shall be applicable as per the original purchase of the property.

The proceeds can be availed for purchasing another property be it residential or commercial but on your name.