husband can execute gift deed in favour of wife . it would attract nominal stamp duty of Rs 200
2) registration charges are Rs 200
Gift deed from husband to wife
Me and my husband having a flat at joined name. Now he wants to transfer this flat only on my name. So what will be the procedure. If he do the gift deed, how much will total charges? and how much time it will take for final steps
Asked 8 years ago in Property Law
Religion: Hindu
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11 Answers
Hi, he can make a gift deed in your favour .. There is very minimal stamp duty on gift deed .. The gift deed can be executed on the same day after preparing the documents at the registrar office
stamp duty - Rs. 500/-
registration charges - check with your jurisdiction sub register office.
** Talk to any of the local lawyer to know the time frame to get the gift deed registered.
1. To make you the sole owner of the proeprty your husband requires to make a registered gift deed in your name and favour.
2. The gift deed requires registration on payment of stamp duty and registration fees as well.
3. To know the actual cost meet the local registration officials.
In DNA the fees are showing higher http://www.dnaindia.com/mumbai/report-now-higher-stamp-duty-for-immovable-properties-2441121 its showing 3% of Market value. Is this applicable?
Asked 8 years ago
1)between husband and wife it would attract nominal stamp duty and registration charge
fyi. It is wrong for your scenario.
Stamp duty and Registration fee varies from State to State. In Maharashtra, the gift deed would attract Rs. 200 as stamp duty. Registration Fee would be within 500.
The entire process would take about a day.
Let me know if I can be of any further assistance.
Best,
Adv. Vibhanshu
This fee varies from state to state. In Maharashtara you will have to pay a nominal stamp duty of Rs. 200 and a registration fee of Rs. 500/-.
The process would take a day and the link shared by you does not hold good in your case, you may contact a local lawyer to do the needful for you.
Regards
our husband can execute a registered gift deed in your name.
There will be no stamp duty except Rs. 500/- towards stamp duty and Rs. 200/- for registration charges towards transfer of property within relations.
In DNA the fees are showing higher http://www.dnaindia.com/mumbai/report-now-higher-stamp-duty-for-immovable-properties-2441121
its showing 3% of Market value. Is this applicable?
The proposed hike on stamp duty was withdrawn or revoked by the government on the face of opposition within the cabinet and opposite parties.