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Total Cost or Percentage for Gift deed ?
27-Jun-2023 (In Civil Law)
A flat (1600sqft) has in my Mother's name at South Dum Dum area. Now my mother wants a gift deed of this property in my name. Can any one guide me about the total cost for gift deed of this property ?
A gift between the blood relation carries the minimum stamp duty of 0.5% of the market value that will be assessed by the Government and every transaction of transfer of property carries a standard registration cost of 1.1% of the market value that will be assessed by the Government. Accordingly you shall have to pay 1.6% dury over the market value of the property to the Government. All the best and regards.
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Adv. Ujjal Kumar Ray
Kolkata | 200+ Answers
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You may know about this from a Government website namely You may also know about the market value of your flat. You will get a government challan after the registration also and the rest amount is the Advocate's fees.
Thanks in advance.
Thanks in advance.
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Adv. Diptiman Pal
Barasat | 200+ Answers
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first of all you have to specified the market value of the property from register office and you get all the details about court fees stamp duty and other mislenious exoendature you have to pay ADVOCATE FEES(2% OF TOTAL VALUE) CLEARKAGE SEPARATELY
FOR ANY OF FURTHER COMMUNICATION PLEASE FEEL FREE TO CONRACT
FOR ANY OF FURTHER COMMUNICATION PLEASE FEEL FREE TO CONRACT
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Adv. Mita Banerjee
Kolkata | 100+ Answers
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