You can execute gift deed inyour father favour
2) you will have to pay stamp duty and registration charges
I wan t to transfer my self earned property to my father what will be the best way to execute ? do i have to pay stamp duty and registration charges? there is no financial transaction involved in this transfer
You can execute gift deed inyour father favour
2) you will have to pay stamp duty and registration charges
Yes you will incur a negligible stamp duty and registration charges for gift deed for the same being a blood relative
You can transfer your property to your father through gift deed. after that you can apply for the mutation of the property which is necessary to transfer utility connections in the name of the recipient.
Stamp duty and registration charges you need to pay as per your state rules. Most likely Charges are same as like sale agreement.
- As per law , being the owner of a self acquired property , you having right to transfer the same to anyone including your father , and none having right to claim over the said property.
- You can registered a Gift deed in favour of your father , and the stamp duty is very nominal being the blood rated.
- Unregistered gift deed/agreement having no value in the eye of law.
Best option is to Gift the same. It will be done with least expenditure.
Yes you need to get it registered by paying nominal stamp duty and registration charges.
Make a registered gift deed
There is stamp duty of 3% and also registration fee of 1% of market value of the property
Had it been a gift from father to son, the duty on the gift deed would be only Rs 500 if the property sought to be gifted is a residential or agricultural property
1. You may prefer to execute a registered Gift Deed in favor of Father.
2. In Maharashtra: Stamp Duty: 200/- Registration Fees: 200/-
Yes ,it is very easy and quick to execute it by
Gift deed which may attract stamp duty around 2% of total value of the property and around INR 30,000/ Registration Charges for registration of Gift deed.
Dear Client,
You may transfer your self acquired property in the name of your father by way of transfer deed. There is no stamp duty on transfer deed within blood relations in Haryanam
You may consult a local lawyer wether stamp duty is payable or not in Maharashtra.
1. You have to transfer the property vide a registered gift deed. Yes the stamp duty and registration charges shall be applicable.
There is no stamp duty payable for transfer of immovable proeprty within blood relations.
You may have to pay only Rs. 500/- and Rs. 200 for registration.
Dear sir,
You'll have to do it by executing a gift deed. There is no other way.
Yes, you'll have to pay the stamp duty and get it registered.
Dear Sir/Madam,
You are suggested to go for the gift deed in favour of father for which stamp duty @ 03% of value of the property will be levied.
Execute Gift Deed in favour of your father and get it registered in the jurisdictional Sub Registrar's Office. In some states like Karnataka, execution of Gift Deed between blood relatives attracts a meager stamp duty. In this way you can transfer your self acquired property to your father.
1. Best way to transfer property on name of your father is execution of Gift deed this mode will save your stamp duty and registration charges.
2. Yes you have to pay stamp duty and registration charges.