My mother, we four brothers and one sister, are in possession of some ancestral agricultural land in Andhra Pradesh. My mother and we brothers want to disclaim or gift the property in favour of our sister, without any consideration. If we gift it to our sister, it seems the registration charges would be 3% of the cost of land, which is going to be very high. How can we transfer the property to our sister incurring minimum charges ?
You can execute relinquishment deed to relinquish your share in property
Stamp duty is state subject and varies from state to state
Yes you may transfer the property by a partition deed suit in civil court where you need to agree to transfer your shares to your sisters.
By your witness in the court in this regard the court will allow the partition in favour of sisters.
After the order the property may be mutated in their names.
This is very less expensive.
These are the minimum charges that will be incurred
There is no way that the property is transferred without payment of the registration fee to the government
What would be the charges for Relinquishment Deed in Andhra Pradesh ? The extent of property is 3 acres agricultural land.
You directly relinquish the property through a registered renquish deed.
As per Andhra pradesh stamp duty act
Upto thousand rupees:
(A) 3 rupees for every
one hundred rupees or
part thereof on the
consideration for such
release as setforth therein
or the market value of the
property whichever is
higher, over which claim is
B Where it exceeds Rs. 1,000/- The Same duty as under
the Clause (a) for the first
Rs. 1,000 and for every Rs.
500 or part thereof in
excess of Rs.1000/- fifteen
rupees on the
consideration or market
value of the property,
whichever is higher over
which claim is
As per newspaper reports stamp duty is 3 per cent for release deed in AP
The market value that is in existing jantari value of agriculture land you have to pay the stamp duty. That is 3 rs. Per 100 upto thousand rupees and above that 15 rupees per 500 rs..
The jantari values are less and the deed won't cost you much as mantri value are less for agricultural land.
Which comes down to 3%.
Stamp duty will be attracted both on gift and relinquishment.
You cannot altogether avoid the payment of stamp duty.
Kindly consult some local lawyer
Any way of legal transfer through registered gift deed or relinquishment deed will cost Registration charges. Only through will there are no charges.
It would be very less as it carries only the documentation fees plus few thousand as registration fees if Relinquishment without consideration.
You can execute a registered release deed relinquishing your rights in her favor.
The transfer of immovable property by this manner may incur less cost.