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Gift deed of property jointly held by brothers what is the stamp duty


11-Jan-2023 (In Documentation Law)

I need to execute gift deed/release deed to transfer brother's share of our jointly owned flat in Chinchwad, Pune to myself. The flat was bought jointly by us in 2009 with payment of stamp duty & registration charges. Now is stamp duty & registration payable again while making the gift deed/release deed as per latest state government policies? If yes then how much stamp duty is payable? Kindly provide your suggestions on same.

Answers (1)

Answer #1
716 votes
As per the latest government resolution, for the transfer between blood relations, stamp duty is nominal and not as per the regular duty. In this case, brothers come within the definition of blood relations.

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