Stamp duty would be 3 per cent of market value of property
Stamp duty and Registration Charges
What do I have to pay in terms of Stampduty and Registration Property is Gift from Brother where II have already released my share.. History The Property is inherited by myself and brother after our mother passed away 2021. In 2022 I released my share and ownership in my brothers name.Currently.he is the sole owner. If he wants to Gift the property to me we want to know what are we looking at in terms of Stampduty and Registration Charges in Maharashtra. Property is in Mumbai Andheri west- 4 Bunglows Area.
Asked 2 years ago in Property Law
Religion: Hindu
11 Answers
For non-family members, it is 5.6%of the total market value of land/property. Maharashtra- The stamp duty on Gift Deed in blood relation is 3%.
Hi , my parents place was split 50/50 in-between myself and sister, after my mother's demise , my sister gifted the property to me to assist with ease of sale, however circumstances have changed and I would like to transfer property back 100% to my sister. Can you assist with transfer and registration. Also what costs I am looking at , any stamp duty ? . Thank you
Asked 2 years ago
stamp duty would be 3 per cent of market value of property
registration charges extra
3) you can engage any lawyer on this website for drafting gift deed
Maximum 1000rs stamp duty.
It is mandatory to register any transaction of alienation of immovable property by paying appropriate stamp duty and registration charges. Your logic that you have given and taking it back do not have any legal justification because the law says otherwise.
Therefore the donor has to pay appropriate stamp duty towards the transfer of property by executing a registered gift duty.
You can choose any advocate of this forum or outside who are willing to take up your assignment on their terms.
Dear Client,
According to the law, it is obligatory to register any transaction involving the transfer of immovable property by paying the requisite stamp duty and registration charges. The logic previously presented, which suggested otherwise, lacks legal justification.
Therefore, the donor must fulfill the legal requirement of paying the appropriate stamp duty for the transfer of the property by executing a registered gift deed. You have the option to select any advocate from this forum or elsewhere, who is willing to take on your assignment based on mutually agreed terms and conditions.
I can draft a water tight gift deed but for registration you may a consult a local lawyer. If required consult with detail.
- For a gift deed executed in favour of blood related , on an amount of Rs.200/- has to be paid as stamp duty In Maharashtra.
Yes you can gift it relinquish your share with registered relinquishment documents
gift by sibling to sibling attracts stamp duty of 3% + 1% metro cess. So total 4% on the market value of the property being gifted
registration fee is probably Rs. 30k
lawyer's fee for preparing the gift deed extra
registration agent fee around Rs 15k
other miscellaneous expenses will be nominal
