Stamp duty on gift deed would be 3 per cent of market value of flat as per ready reckoner rates
What is Maharashtra Stamp Act 2015 states stamp duty on transfer of property from brother to brother
Immovable property in Mumbai- Flat
Asked 4 years ago in Property Law
Religion: Hindu
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5 Answers
Hello,
As of now the stamp duty of a transfer from brother to brother is 3% of the market value of the night property in question.
Why get involved in stamp duty charges.. if the property is being transferred between real brothers then might as well consider gifting option so as to evade the charges.
It will be a gift
Stamp duty is 3%
According to Article 34 of the Maharashtra Stamp Act, which was revised in 2017, stamp duty on gift deeds is 3 per cent of the property value. But, if the property is residential or agricultural, and is gifted without any payment to a blood relative, then the stamp duty is Rs 200.
