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Will property gifted from father to son attract stamp duty in Mumbai
12-Sep-2023 (In Property Law)
does property gifted from father to son via gift deed attract stamp duty in Mumbai ?
If the transfer is between lineal descendant as in this case you have to pay Rs 200 stamp duty on the gift deed irrespective of the value of property. You might have to pay extra charges for registration.
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Adv. Pipli Datta
Mumbai | 100+ Answers
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There is a certain amount of doubt still prevailing between 500 rupees and 3 % stamp duty for the gift deed within family members. So it's better that you confirm at the counter before paying stamp duty wrt to ready reckoner and GR notification.
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Adv. Ramgopal Aiyer
Navi Mumbai | 200+ Answers
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