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Whether stamp duty applicable on larger share in property
20-Jul-2023 (In Property Law)
is stamp duty payable on both the largest share and the separated shares in co-owners partition deed. or is there exemption to the largest share. thanks
one of the larger share is exempted from paying the stamp duty in a Regd. partition Deed. However in Partition Deed executed among the family members even if the stamp duty and registration fees exceeds more then Rs.20,000/- the stamp duty and registration is payable only Rs. 20,000/- irrespective of the value of the shares allotted after excluding is the larger share.
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Adv. M Shivashekar
Secunderabad | 25+ Answers
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