Need for stamp duty for transfer of land to minor son and wife
16-Oct-2023 (In Property Law)
I want to transfer my agricultural land to my minor son (age 13) or my wife . Please suggest me what stamp duty will be imposed.
Under TP act you may transfer it to your son but he will get the ownership onces he becomes major. The stamp duty would not be much high as you transferring to your family member only I.e. your son...
Stamp duty is same for minor or adult but female have 1 percent relaxation in stamp duty.
So you must be calculate total value of property and 7% for male and 6% for female Stamp will be applicable in ur case
So you must be calculate total value of property and 7% for male and 6% for female Stamp will be applicable in ur case
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