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Gift deed registration and charges


14-Jul-2023 (In Family Law)
Want to gift Ten lakhs to my wife as gift for purchasing flat. Whether registration is required and what is the charges. I am a govt servant.
Answers (4)

Answer #1
665 votes
You can donate the same to your wife as gift. I suggest you to gift the same through online to the seller. In the purchase deed of your wife you can mention about that in memo of consideration. The registration charges is about 8 percent on the present market value of the flat. You can also know about it in the government website also.
People also ask

Is stamp duty applicable on gift deed in blood relation?

Stamp Duty: Rs 200 per residential property and Rs 3% for blood relatives. Registration with local authorities is mandatory, along with the submission of valuation certificates and encumbrance certificate. Stamp duty: 5% for family members and non-family.

What is the court fee for gift deed in Delhi?

Transferring to family members is a 5.6% tax. For non-family transfers, the amount can vary from 1000/- up to 5000/ depending on the location of the property. Transfers to family members are 0.5% and transfers in other cases are 6%. 1% surcharge above 40lac.

What is the consideration amount for a gift deed?

In accordance with the Transfer of Property Act (TPA), if the donee has paid stamp duty it may be considered as consideration for the gift. The fact that a gift deed cannot include a consideration may make the deed void if the donee pays the stamp duty. 22-Sept-2022

  
Answer #2
879 votes
Registration of gift deed in west bengal charges: you have to pay 0.5% stamp duty and 1.2% registration fees of your total valuation of the property. advocate fees for drafting deed and registration completion is 7% to 9% depending on total valuation.

Answer #3
503 votes
hi, registration is very much required in your case and morefully you can do one thing that in the deed you can mention your account details as a drawing option and can write the deed like this, for more info can contact with me.
Answer #4
439 votes
In general, an attorney can charge anywhere between Rs. A lawyer can charge anywhere between Rs. 20000/- for drafting a gift deed. There may also be filing fees for the court to record the gift deed.
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