For gift deed in favour of brother attracts 3 per cent stamp duty
from sister in law it would attract 5 percent stamp duty
What is Stamp Duty for Gift Deed of flat on the name of Elder Brother & Sister in Law? They want to Gift it to the Younger brother in Pune. Does is it 3% for Brother's part and 5% for Sister in law's part?
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For gift deed in favour of brother attracts 3 per cent stamp duty
from sister in law it would attract 5 percent stamp duty
Ok. What is a stamp duty of transferring property to from Wife to Husband?
Stamp duty is not based on mutual relationship between the donors.
It is on the conveyance that parties enter into. stamp duty of the state in which the property lies, is required to be paid.
Its not clear as to which state your query is related to.
In India stamp duty for registered deed is not universal.
Therefore mention your state. In WB it is .5%.
it depends as per state law. Every state has its own rates. Kindly check with the state in which you have property.
In general it is same for sale
It's as of bow is 3% and for husband and wife it's nil just registration charges it release deed or quit claim deed.
Stamp Duty in Pune
If this property is situated in Maharashtra, then there is no stamp duty payable for transfer of immovable property within blood relations.
according to Article 34 of the Maharashtra Stamp Act, which was amended in 2017, stamp duty on gift deeds is 3% of the property's value. However, if the property in consideration is a residential or agricultural property and is gifted (without any payment) to family members, then, the stamp duty is Rs 200.
According to Article 34 of the Maharashtra Stamp Act, which was amended in 2017, stamp duty on gift deeds is 3% of the property's value. However, if the property in consideration is a residential or agricultural property and is gifted (without any payment) to family members, then, the stamp duty is Rs 200.
A gift deed is the preferred option instead of the partition clause under Article 46 of the act where the stamp duty remains the same at Rs 200, but permission of all the family members is required.
around 3% of the property value has to be paid as stamp duty in case the property is being transferred in the name of spouse.