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Stamp Duty and Registration charges payable on Release Deed (Hindu)
14-Apr-2023 (In Property Law)
Son , daughter and widow daughter in-law want to make release deed in favor of Mother/mother in-law in connection with the property to be sold in Mumbai. What is the stamp duty and registration charges to be paid ?
This is my response to you:
1. The rates for both will be less than 1000 rupees;
2. The release deed should be properly drafted;
3. You must also collect all documents like index II etc.;
4. Consult a local lawyer and take steps.
1. The rates for both will be less than 1000 rupees;
2. The release deed should be properly drafted;
3. You must also collect all documents like index II etc.;
4. Consult a local lawyer and take steps.
Helpful?
Adv. Gowaal Padavi
Mumbai | 500+ Answers
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How much stamp duty on release deed in Maharashtra?
What is the Maharashtra Stamp duty for a Relinquishment deed? If the apartment was transferred to your mother and your name, then you would have to pay a stamp duty of 6 percent. This is composed of 5% stamp duty and 1% metro cess.
What is the stamp duty rate in Pune?
The current stamp duty in Pune is 6%. It is divided as follows: Stamp Duty is 4%, Local Body Tax is 1% and Transport Surcharge is also 1%.
Is release deed a transfer of property?
It is important that you understand the legal aspects of a release agreement if you plan to sell your home. The document transfers the ownership of a property from the sellers to the buyer. Both parties must sign the deed for it to be legal. 03-Mar-2023
What is the fee for relinquishment deed in Pune?
The registration fee is between Rs 100 to Rs 250. Step 4: If the official is satisfied that the deed is valid, it will be registered. A registered relinquishment document will be created in a matter of a week. 18-Oct-2023
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