LawRato

Is LBT applicable in case of gift deed


13-Jul-2023 (In Property Law)
Is 1% LBT applicable in case of gift deed from mother to son for flat/shop in Pune? Also plz confirm...as per d new amendment in law...only Rs.200 is to b paid for stamp duty and registration...right?
Answers (2)

Answer #1
867 votes
1% LBT is applicable in Pune registration jurisdiction. You have to pay 200 stamp duty and 200 registration fees for transfer to any of heirs as per the new amendments. ------------------------
Answer #2
665 votes
No LBT is not applicable. as per latest agreement only Rs. 500/- stamp paper and Rs.1000/- DD in favour of SRO along with advocate fee @8k. No LBT is not applicable. as per latest agreement only Rs. 500/- stamp paper and Rs.1000/- DD in favour of SRO along with advocate fee @8k. No LBT is not applicable. as per latest agreement only Rs. 500/- stamp paper and Rs.1000/- DD in favour of SRO along with advocate fee @8k. No LBT is not applicable. as per latest agreement only Rs. 500/- stamp paper and Rs.1000/- DD in favour of SRO along with advocate fee @8k. No LBT is not applicable. as per latest agreement only Rs. 500/- stamp paper and Rs.1000/- DD in favour of SRO along with advocate fee @8k.

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 Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."