Gift Deed between sister - brother and its charges
2 years ago
Dear Sir,
We want to transfer a flat from my sister's name to me(her brother) with Minimal cost for transfer. What could be the best option for this? We have heard of gift deed but will we have to pay stamp duty charges again for this and how much it would be? Looking forward to your valuable suggestions.
Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
It varies from state to state. Your sister can execute a gift deed in your favor and get the property conveyed to you. It is important to do registration within 4 months of the execution.
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It varies from state to state. Your sister can execute a gift deed in your favor and get the property conveyed to you. It is important to do registration within 4 months of the execution.
Please rate my answer
Thank You
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A.Hi,
The charges applicable on the registration of a gift deed vary from one state to another. Your sister can execute a gift deed to your name and get it registered within 4 months of the execution.
Please rate my answer
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The charges applicable on the registration of a gift deed vary from one state to another. Your sister can execute a gift deed to your name and get it registered within 4 months of the execution.
Please rate my answer
Thank You
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Lucem Leg
Responded 2 years ago
A.Dear Sir,
Yes, the gift deed is the best option but still the donor has to pay the stamp duty plus registration charges. There are different rates for calculating stamp duty rates as it is differ from state to state.
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