Yes you have to pay stamp duty at the rate of 3 percent on value of the property along with the registration.

There is mo stamp duty on a gift deed if given to certain blood relations. Brother comes under that category.

Regards 

you have to stamp duty on gift deed 

2) registration charges are maximum Rs 30,000 

3) stamp duty would be around 3 per cent of share of property gifted 

 Better go to concerned sub registrar office and enquired the same from them.  In my opinion, you have to pay stamp duty and registration charges.

1.  W.E.F. from March-2019, the Stamp Duty on Gift Deed, between Brother is:

a)  Stamp Duty: 4% of the rateable value of the 50% Property

b)  Registration Fees: 30000/-

Well, making gift deed in favour of blood relations does attract stamp duty.

However compared to sale the stamp duty for gift deed between two siblings is very minimum.

To know the actual amount of stamp duty do contact with your local registration office. 

No stamp duty on gift to blood relative. Recent amendment.

There is a stamp duty also to blood relative but the rate is negligible upto 2 percent

stamp duty on gift deed between brothers is 3% + 1% extra as per a recent amendment

registration fee is 1% of market value of property

only in case of gift to lineal ascendants or descendants for a residential or agricultural property, the stamp duty is 200/- + 1% on market value and a nominal registration fee

Minimum stamp duty is payable on the gift so increase in your area 4% is applicable then you have to pay the 4% duty on the value of the property to get the gift registered and transfer property to your brother

you have to pay stamp duty on gift deed. stamp duty is state subject varies from state to state. 

This is my response to you:

1. You will have to pay stamp duty for this as per the prevailing rate;

2. The rate of stamp duty can be obtained from your nearest registrar office;

3. The stamp duty will be 3-4% of the market value;

4. The registration will be 30k;

5. Consult a local lawyer and take steps.

No doubt in Maharashtra there is no stamp duty payable for transfer of immovable property within blood relations but you must confirm that if the same is applicable in respect of commercial property also.

 If it is not applicable then the registration charges and Rs. 500/- towards stamp duty alone is payable.

you have to pat 0.5% stamp duty and 1% registration charges for the valuation of property which you want to gift to your brother.

Dear

You have to pay stamp duty to execute a Gift deed and also have to pay registration charges to register the deed.