Stamp duty is payable on gift deed executed between family members 

stamp duty is state subject and varies from state to state 

contact local lawyer 

The stamp duty in Jammu and Kashmir is three percent for female property owners and seven percent for male property owners.

When property is transferred in favor female is 3 per cent, in favor male it is 7 per cent and registration  charges is 1.2 per cent.

If there is an agreement between the family members regarding distribution of the properties and such agreement is reduced into a writing under a deed of family arrangement or settlement, then nominal stamp duty of Rs 500 has to be paid 

However if actual transfers happen under the deed of family arrangement or settlement then stamp duty as applicable on the kind of transfer (like release or gift) will have to be paid 

I dont have any idea on the stamp duty applicable for a gift deed in the UT of J and K. However since it's a UT now, the Indian stamp act will apply and not the state stamp act 

The stamp duty has to be paid incase of a gift deed.

The stamp duty would be around 7% of the property value.

The stamp duty varies from  one state to another across the country.

It is mandatory to pay applicable stamp duty for  the transaction of an immovable property whether it is settlement or gift deed or sale deed. 

You can  enquire about the applicable stamp duty locally with the document writer or an advocate in the local.

It was clearly mentioned that the stamp duty varies from one state to another across the country, hence you may better enquire about it with the local document writer or an advocate. 

1. Yes and it will be nominal.

2. It is a State matter and will be governed by the rule of your State. In West Bengal it is half percent.

Dear Sir/Ma'am 

1) Stamp duty is payable on gift deed

2) The stamp duty in Jammu and Kashmir is three percent for female property owners and seven percent for male property owners.

Thank you

Yes, you’ll have to pay stamp duty and registration charges on gift deed. But in your case, you may go for Memorandum of Family Settlement (MOFS). It is usually a preferred mode adopted by the families to record their terms of the division/ partition of family property(ies). In simple words, it is a document/ arrangement between the family members that records the orally agreed terms of division of property(ies) inter-se between them. It is not a compulsorily registrable instrument and the stamp duty implications on are also considerably lesser than in case of gift deed, etc.