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Gift Of Residential Property Father To Son
29-Aug-2023 (In Property Law)
Please advise if stamp duty you required to be paid is the gift is made of a residential flat from father to son
Respected sir,
of your property is located at Mumbai and father wish to gift to son then you have to pay 1% stamp duty of present market value of the property and 200/- as registration fee, gift deed has to be registered
Helpful?
Adv. Vanita Yogesh Orpe
Mumbai | 50+ Answers
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This is my response to you:
1. Yes you will have to stamp duty;
2. This will be at the rate of 3%;
3. If your son is co-onwer then you need to execute release deed;
4. Consult a local lawyer and take steps.
Helpful?
Adv. Gowaal Padavi
Mumbai | 1000+ Answers
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