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.

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