How to transfer flats to son and daughter-in-law

839 votes

You have to make a gift deed in the name of your son and daughter in law on a stamp paper and you have to register the said gift deed. As per rules and regulations in Maharashtra there will not be any additional stamp duty to register a gift deed. For further clarification kindly book a consultancy call.

LawRato LawRato

867 votes

Sirji, u have to make a gift deed in the name of ur son and daughter in law name. If u want to do it, u have to pay the stamp duty of govt. On the stamp of 500 it is valid one. Otherwise u can make will in that u can mention that flat no and discription of that be given to ur son and daughter in law after ur death.
But if u want to give ur flat to ur son and daughter in law it is only legal way to make a gift deed. And nothing else.

Advocate Bipin Agrawal LawRato

806 votes

You are correct, as per new Notification by State Government, stamp duty towards gift of property to direct relative is exempted. You can get format with any Advocate practicing in the area of Properties law

Advocate Pankaj S. Pandey LawRato

521 votes

If you want to transfer only on your son name then 1% and 500 stamp.
If you want to transfer on your daughter in laws name then 6% stamp duty.
You whole part transfer on your son name or half on son name by gift deed remaining half on daughter in law name by 6% on that half part

Advocate Pavankumar Bhansali LawRato