LawRato

What is the stamp duty for Transfer of property to Uncle


03-Dec-2023 (In Property Law)
I want to Tranfer my property to my Uncle (Father's Brother) which is in Vasai.. how much stamp duty is required to pay.. does this relation comes under "Income Tax Act" ??
Answers (2)

Answer #1
857 votes
Respected sir /madam

kindly provide the more details of you matter as to enable me to guide you on. right way you can share me all details on my WhatsApp number which is available on my profile so please check my profile and contact me on my WhatsApp . thanks.

Answer #2
956 votes
This is my response to you:
1. You can enter into a gift deed or even a sale deed;
2. But since it is your uncle you will have to pay 5% stamp duty;
3. You will also need to register the same;
4. Consult a local lawyer and take steps.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."