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Does gifting house through gift deed involves payment of stamp duty


01-Jul-2023 (In Family Law)
Does gifting house through gift deed involves payment of stamp duty ? I want to gift my house to my real brother. How much will the gift deed process cost ? Is it dependent on the value of the property ? Will there be any tax implications for either me or my brother ?
Answers (2)

Answer #1
503 votes
depends on the state you live in. in maharashtra there is a very tiny amount for gifts made to blood relations. However, there is a charge of 1% of the property value as LBT. your brother will enjou the property as a gift thereafter.
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Advocate Sudarshan Desai

Adv. Sudarshan Desai

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Answer #2
506 votes
Hello Adv Minakshi Ovhal here the stamp duty is a mere Rs 200 for a gift deed of such a property when transferred to a blood relative. ... But, if the property is residential or agricultural, and is gifted without any payment to a blood relative, then the stamp duty is Rs 200. and 1 % registration charges. and others advocate fees. any more information you can call me. Thank you
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Advocate Minakshi Bapu Ovhal Dakhane

Adv. Minakshi Bapu Ovhal Dakhane

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