Smt Deepti Ravi Heblekar
1 week ago
My father in law purchased flat in 1965 now he wish to gift deed his daughter and daughter in law. Will there be charges
A.Dear Sir,
There is fixed stamp duty say Rs.5,000/- if gift is being executed in favour of his blood relatives. You have to find out with the Sub-Registrar whether daughter-in-law comes within the definition of blood relatives.
There is fixed stamp duty say Rs.5,000/- if gift is being executed in favour of his blood relatives. You have to find out with the Sub-Registrar whether daughter-in-law comes within the definition of blood relatives.
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A.Dear Client,
The stamp duty on gift deeds varies from state to state. Depending on the state where the property is located, those gifting an immovable property have to pay stamp duty and registration charges in the range of 2%-7% of the property's market value to get the gift deed legally registered. Only a few states in India offer a complete rebate on stamp duty payable on registration of the gift deed if the parties involved are blood relatives. Reach out to an Advocate for guidance and steps.
The stamp duty on gift deeds varies from state to state. Depending on the state where the property is located, those gifting an immovable property have to pay stamp duty and registration charges in the range of 2%-7% of the property's market value to get the gift deed legally registered. Only a few states in India offer a complete rebate on stamp duty payable on registration of the gift deed if the parties involved are blood relatives. Reach out to an Advocate for guidance and steps.
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A.Dear Client,
since it is purchased under his name as a self acquired property, there will not be any charges since it is his power alone to dispose off or alienate or gift the property to whomever he wishes to
since it is purchased under his name as a self acquired property, there will not be any charges since it is his power alone to dispose off or alienate or gift the property to whomever he wishes to
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