1.The transfer of immovable between the family members is best suited for execution of gift deed.
2.Stamp duty and registration fees differs in every state.
3. In Bihar it is 1.9%.
Transfer of property by mother to father in Bihar
Hi, My mother and Father are co-owner of a Property. We want to transfer the part of this property owned by my mother to my Father (If Possible not Gift, i.e. Sale of Property with payment of Consideration of Part of the Property sold by Mother). This property is located in Bihar. Please let me know how much Stamp Duty and Registration Fees will be paid for this transfer.
Asked 8 years ago in Property Law
Religion: Hindu
6 Answers
Your mother can execute gift deed or relinquishment deed for her 50 per cent share in property
2) in alternative mother can sell her share in property to your father
3) stamp duty would be 6.3 per cent in case of sale deed executed by mother to father
4) for gift deed stamp duty is identical at 6.3 per cent
It is clear that i need to pay Stamp duty in the case of Sale of Property or Gift of Property by Mother to Father. However, in case of relinquishment deed, do i need to pay any Stamp Duty or Registration Charges & if yes, how much. Further, in how much value of Stamp Paper i can make Relinquishment Deed.
Asked 8 years ago
even in case of relinquishment deed stamp duty has to be paid by you
2) exact amount of stamp duty on RD are not available online
3) contact a local lawyer in this regard
Rate of stamp
sale: 5.7
gift: same as sale
Stamp duty and registration charges will vary from one state to another, this aspect can be clarified from local registrar's office.
It is clear that i need to pay Stamp duty in the case of Sale of Property or Gift of Property by Mother to Father.
However, in case of relinquishment deed, do i need to pay any Stamp Duty or Registration Charges & if yes, how much. Further, in how much value of Stamp Paper i can make Relinquishment Deed.
Relinquishment deed cannot be made to transfer the jointly owned property, it has to be either by a gift or settlement or sale deed.