You need to pay drafting charges and for registration and stamp duty it depends on the value of property.
Hi, In Gujarat what's the cost of making a relinquishment deed
You need to pay drafting charges and for registration and stamp duty it depends on the value of property.
Property rate would be about 40lac... As my previous question I would like to foregone my share in my farther property ( who is now expired) to my mom (joint owners were dad and mom) by making a relinquishment deed... Still will I have to pay stamp duty and registration?... Please let me know the cost involved for 40lac property
Yes you need to pay stamp duty and registration depending on the jurisdiction. Drafting charges may vary from lawyer to lawyer. you can contact the concerned sub registration office for the exact charges and adjudication. You can contact me if required in kaanoon on 9a7g6g9g4e9g0f9f1a1 fot drafting of the relinquishment deed
First you should inherit the property on all legal heirs and later to perform relinquish deed. There is no stamp duty for family registration for title transfer only register charges will be apply and less than 5k will be total legal expenses.
See you can make.a gift deed for same and the applicable stamp.duty shall be 4.9 percent and 1 percent registration at circle rate for your share.
Yes stamp duty has to be paid. On your share if property on circle rate 4.9 percent stamp duty and 1 percent registration is applicable.
Stamp duty is the tax amount an individual pays to the Government (Central and/or State of Gujarat) for executing various types of deeds or documents which have some sort of financial exchange, transaction or obligation associated with it. Stamp duty is also chargeable on the registration of sale, purchase or transfer of immovable property. Stamp duty is paid during the registration of a document or deed.
The stamp duty payable for a relinquishment deed in Gujarat is Rs. 50/-
The stamp duty payable for sale or gift deed of immovable property shall be 6% of the value of the property.
For family settlement it is Rs. 50/-
For relinquishment deed it is Rs. 50/-
Legal fees vary depending upon lawyer engaged by you
2) stamp duty would depend upon market value of your share in property
Relinquishment deed has to be stamped and registered
2) you have to pay stamp duty on your share in property relinquished by you
1. lawyer fee for drafting the relinquishment deed varies from lawyer to lawyer, (approx 3 to10 thousand)
2. registration fee will be around 200/-
1. The cost is the drafting fee of lawyer and registration charges.
2. Search a local lawyer from this portal.
Cost of making relinquishment deed varies from advocate to advocate, it is between you and advocate depending on your association with him / her (Could be Negotiable).
Stamp duty and registration needs to be done for relinquishing your share.
Stamp duty is a State subject, it differs from state to state.
Better consult local Advocate, who will be able to give exact stamp duty to be paid.