quesCan i transfer property to my parents? What stamp duty?

Can i transfer my property to my parents? What would be the stamp duty if the property value is around 5 crores and what tax is needed to be paid by me?

  • ansProperty owned by you can be transferred to your parents (Jointly or singly) since the transfer is within blood relation, the fixed fee and registration charges & few other charges only needs to be paid. A Gift Deed would be sufficient.
    Property value does not play any role in this.

  • Related Articles

  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Documentation Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Consult best Documentation lawyers in India

Documentation Lawyers

Advocate Sudershani Ray

  Kailash Hills
 Experience: 9 years

Advocate Vishal V Birajdar

  Andheri West
 Experience: 10 years

Advocate Shilpa Sharad

  RMV Extension
 Experience: 21 years

Advocate T Kalaiselvan

 Experience: 15 years

View all >>

How it Works

Know how LawRato makes legal easier and effortless

Ask a Free Question

Post a question and get free advice from multiple lawyers

Talk to a Lawyer

Easily find and book private consults with top lawyers in India

Get Fee Estimate

Receive multiple quotations for your legal requirement instantly