obtain society NOC for execution of gift deed
2) gift deed in favour of son and daughter should be duly stamped and registered
3) stamp duty would be 3 per cent of market value of property
4) registration charges are maximum Rs 30,000
My dad has ownership of the residential flat in Dombivli City near thane district.. pincode is 421201...He wants to transfer the property ownership to both his children's name (son and daughter) through gift deed.. I wanted to know the complete steps for transfer of property by means of gift Deed and the stamp duty and registration charges.
First answer received in 10 minutes.
Lawyers are available now to answer your questions.
obtain society NOC for execution of gift deed
2) gift deed in favour of son and daughter should be duly stamped and registered
3) stamp duty would be 3 per cent of market value of property
4) registration charges are maximum Rs 30,000
In Maha. stamp duty on gift deed is negligible. Max. fees 1000rs. Gift deed will draft/execute and will register at sub registrar office,
1. a gift deed has to be made through a lawyer
2. the gift deed has to be stamped for Rs. 200/- plus 1% stamp duty on market value of property
3. the gift deed has to be registered with nominal registration fee of 200
4. the registered gift deed then can be submitted to society for entering name of doness in share certificate. Society transfer forms have also to be submitted to society for effecting this transfer
5. as transfer is to blood relative, the society cannot levy any transfer fee
See first a gift deed need to be drafted in favour of both the children,
stamp duty at the rate of 3 percent on value of the property need to be paid,
then the deed need to be registered before the sub-registrar office on payment of the registration fee.
Hi
The basic requirements of Gift are (1) no consideration shall be involved & (2) the Donee (person taking gift) should accept the gift.
The details pertaining to stamp duty and registration charges can be obtained from the concerned Sub Registrar's Office.
Hello,
Stamp duty and the registration charges can be confirmed by you from a local advocate.
The father may transfer the property through gift deed.
The same will be prepared by the advocate and will be registered in presence of all the parties and witnesses
It's a simple procedure.
Regards
The owner of an immovable property can gift it to a relative or son daughter. A gift is considered valid if it is made voluntarily and without consideration. It is also essential for it to be accepted by the donee.
Drafting the Gift Deed: You can consult an advocate to draft a gift deed for you. The same required the signatures of both the parties in the presence of at least two witnesses.
In Maharashtra there is no stamp duty payable except for Rs. 500/- and Rs. 200/- towards registration charges for transfer of immovable property to blood relations.
Your father can execute a registered gift deed in favor of you both combined, you can consult a document writer in the local who will guide you the procedure to be adopted in this regard.
Procedure To Create Gift Deed
The stamp duty for gift deed in Maharashtra is 3% of market value of property
I m not appearing for my divorce matter in court....after some hearings court will give exparte.....I want to ask whether I shall get the divorce decree by post to my address by court. Or else I will have to go to court for the decree?? Please let me know?
You can visit the court and pay the requisite fees and apply for certified copy of a judgement and decree. You can also instruct your lawyer to get the copy of judgment and decree..
Once you are set exparte the court will pass a judgment on the opposite party letting in evidence for exparte decree.
After that if you want the copy of the divorce decree, you may have to apply for it with a copy application seeking certified copy of the decree from the concerned court in person or through your advocate.