Total payable for gift deed transfer of apartment in Mumbai

843 votes

For a gift deed executed in favour of a child in Maharashtra, concessional stamp duty is applicable under Schedule I, Article 34 of the Maharashtra Stamp Act, 1958. The base stamp duty is ₹200, and along with applicable local cess and surcharges, the total payable stamp duty generally comes to approximately ₹2,000–₹2,200. Additionally, registration fees are payable at 1% of the e-ASR value, subject to a maximum cap of ₹30,000, as per the Registration Act.

Advocate Moksh Jain LawRato

692 votes

Stamp Duty (Maharashtra) – Gift to child Under Schedule I, Article 34 (Gift) of the Maharashtra Stamp Act: General rule (Gift of immovable property): Stamp duty is same as Conveyance (Article 25) on market value. If gifted to a “family member” (includes lineal ascendant/descendant = parent/child): Stamp duty is 3% of market value. Special concession (₹200 only): Only if the property is residential or agricultural and it is gifted to specified close relatives including son/daughter/grandchildren etc., then stamp duty is ₹200. So, for a gift deed to a child: Residential/Agricultural property → ₹200 stamp duty Other property (e.g., commercial/industrial/other immovable) → 3% stamp duty not ₹200) Registration Fee Gift deeds attract ad-valorem registration fee, and the official fee table shows it is subject to a maximum of ₹30,000. (Practically, it works out to ~1% on value/market value in most cases, capped at ₹30,000.

Advocate Bhumika Vijay Bajaj LawRato