Stamp duty would be 2 per cent of market value of property
Stamp duty to transfer the property in mother's name
Hello Friends I have a property in Lonavala pune district. I want to transfer the Bunglow on my mother's name. How much amount of Stamp duty I have to pay according to new 2020 transfer of property law. I want to gift her the property in blood relation Please revert. Thanks.
Asked 5 years ago in Property Law
Religion: Hindu
17 Answers
1. GIFT DEED from Son to Mother (In Maharashtra ONLY):
Stamp Duty: 200/-
Registration Fees: 200/-
2. Above Applicable only for Residential & Agricultural properties.
Since the stamp duty differs in every state its advisable that you consult the local Registration office staff who can guide you on every aspect of stamp duty and registration fees.
It is almost three percent of the value of the property however you have to check the exact value from the registration office so that in future there should be no demand from the departments in regard.
you need to pay 3% Stamp duty from son to mother Gift deed.
You have to pay 3 per cent stamp duty on the value of the property as per circle rates for registration of the gift deed.
Gift deed will have minimal charges
Dear Sir,
The stamp duty at the rate of 03% to the value of the property is generally levied in case of gift deed.
The stamp duty to transfer the property in Maharashtra to real mother is very negligible you can get the gift deed executed for the same
3% of market value, earlier it was 500rs
- In Maharashtra ,if the property is given to blood relation , then stamp duty is 3% of the market value of the property.
- If a person other than the family member is giving the property, then, in that case, the stamp duty will be 5%
- Hence , you will have to pay 3% of the value of the bungalow , if gifted to mother .
around 2% Stamp duty, Please contact local advocate for more precise guidance.
stamp duty is state subject varies from state to state.
6% of the market value.
The stamp duty including the registration charges are rs. 500 and Rs. 200 respectively in the state of Maharashtra for the transfer of immovable property within blood relations.
Stamp duty for gift deed differs from state to state and for maharashtra stamp duty is 3% of market value of property but you need to get the confirmation from office of sub registrar Lonavla.
Around 7% stamp duty has to be paid for a gift deed.
- As per the information mentioned in the present query, makes it clear that you wish to transfer the property on your mother’s name.
- I would like to apprise that stamp act gives specific relaxation to the women when getting property registered in their name.
- You would be charged in between 4 to 5 percent as the registry will be on your mother’s name.
- And I also you may get one percent more relaxation as you are executing the gift deed without any consideration (Money) from the mother as per law.