Gift deed how much chargeable in kolkata for blood relation
26-Oct-2023 (In Property Law)
I'm an unmarried hindu girl. My question is how much percentage would be charged as stamp duty for making a gift deed of a house property by my father to me in Kolkata. Is the registration mandatory for gift deed or it's free of any kind of stamp duty in Kolkata for the blood relation only? For example if a house property is of 10,00,000 then how much should be levied as stamp duty for registration in Kolkata? Please explain.
The registration of gift is mandatory. In our state the stamp duty between blood relation is 0.5% and registration cost is 1.1% and that's it. Hence for a 10 lakh valued property the stamp duty is 5 thousand and registration cost is 11 thousand. All the best. Thanks and regards.
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