What will be the duty amount to be paid on a gift deed

600 votes

Hi,
You and your wife purchased the property in Pune in the year 1993, you can give the said property or house to your Son by way of gift,
Stamp Duty for the Transfer by way of Gift i.e. 200+LBT (On Government Valuation).

LawRato LawRato

581 votes

Dear Querist, No percentage stamp duty on gifts between blood relation. Only you will have to pay Rs 500/- for stamp duty and Rs 200/- registration charges. and if required legal i.e. advocate charges and agent charges. But official government charges cant be more than Rs 700.

Regards,
Rakesh V. Misar

Advocate Rakesh Misar LawRato

616 votes

Sir,
The registration amount and stamp duty payable for gift deed from parents to child id Rs 200/- each.For any further clarification you can check online also or visit the registration office of that property.

Advocate Shalini Devi LawRato

974 votes

For Blood relation stamp duty not applicable, you can gift the flat Vide Gift deed on 500 stamp paper but for registration you require to pay 1% Registration Fees i.e. 1% of property value or Rs.30,000/- whichever is higher.

Advocate Sharad Malode LawRato