There should be a Registered gift deed and it will incur stamp duty and registration charges. But charges are less for family members
Stamp duty charges on property under Family Settlement deed
Family Settlement deed to be registered in Delhi. Flat is rented and is in Pune in the name of Father in Law. If the property is transferred from father in law to daughter in law, while the son is alive, through a Family Settlement deed, Will there be any taxes / charges like Stamp duty on the transfer of the property under the family settlement deed?
Asked 6 years ago in Property Law
Religion: Hindu
16 Answers
What are the stamp duty charges on the property under family settlement while transfer of the property from Sister in law to her Brother in law - The said property is a vacant land in Gurugram
Asked 6 years ago
Yes there will be stamp duty on transfer of the flat from father in law to daughter in law or son. In this case I would advise you to make a registered gift deed in favour of daughter in law of flat , the stamp duty payable on gift shall be 3 percent of the govt. jantari value.
For the property in Gurugram the stamp duty shall be 1.5 % of value for settlement deed.
Stamp duty has to be paid on execution of deed of family settlement
2) stamp duty is state subject and varies from state to state
Haryana govt has waived stamp duty on gift deed between family members
Haryana govt waived off stamp duty on transfer of immovable property to blood relations inuding children, grand children, spouse , brothers and sisters.
Dear Client,
Settlement will execute where property is located. This can be done by Gift deed too. 4 % stamp duty in both case.
Same applies in gurgaon.
Family settlement approximately 3% of Ready recknor stamp duty is charged.
Hi, you can execute a gift deed in blood relation ...There is no stamp duty on gift deed made in blood relation of the property is in Gurgaon
Please check picture local registration office it is almost 1.5 % of the value of the property
Dear sir,
as per the supreme court judgment registration of the family arrangment is optional and the registration is need not be compulsory and signing in the stamp paper of Rs.100/- by all the members is morethan enough, because as there is no conflict of interest in between the family members
Whereas its amongst the family members. The registration charges and thestamp duty for registered documents involving immovable properties and all other documents is a state subject, ... the stamp duty payable on registration of partitiondeed is 0.5% of the market value of the separated share or shares of the property.
1. Stamp Duty charges are different, depending on the clauses of the Family Settlement Deed.
2. IF the said Deed is without any monetary consideration, THEN Stamp duty is minimal.
3. IF the said Deed is WITH monetary consideration, THEN stamp duty shall be based on the value of the related properties.
Keep Smiling .... Hemant Agarwal
Since the property is being transferred to daughter in law by father in law who are not blood relatives, hence the applicable stamp duty may have to be paid.
Family settlement deed in respect of property situated in Pune cannot be registered in Delhi.
The stamp duty is a state subject and is not common across the country hence the rates may be enquired from the local registrar's office.
The stamp duty is a state subject and is not common across the country hence the rates may be enquired from the local registrar's office.
The stamp duty is a state subject and is not common across the country hence the rates may be enquired from the local registrar's office.
You will get legally correct answers only. You can term it family settlement or any thing the legal transfer can happen in certain selective ways. You need to pay the stamp duty and registration charges, if you enter into any valid transfer of title may be in any name whatsoever. Only way to transfer without stamp duty or Registration is Will. But that will only come in existence after death of testater.