LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

vishal shinde   05 November 2016

Gift deed from my brother to my name.both are owner of flat

Hello,

I am based out  @ Pune & flat resides into Grampanchyat not in pune coropration.Me and my brother are owner of flat (on agreement ) wherein,internally we are in aggrement that my brother we will do the gift deed the flat on my name.Hereby,would like to understand whether, mahrashtra goverment will waive of  stamp duty  i.e 5% of the ready reckoner rate of the property as stamp duty.I am presuming that I need to pay regirsation charges and LBT if any.Appericate,if someone can guide me on this.



Learning

 2 Replies

adv.bharat @ PUNE (Lawyer)     06 November 2016

Vishal Shinde Saheb

U are correct.

In our state only Rs.500 stamp paper & 1 % LBT is applicable for Gift deed with blood relation in family.

Will u appreciate my reply by giving THANKS on my LCi profile?

Kumar Doab (FIN)     06 November 2016

The owner can gift.

The duty and charges are state subject.

You have posted that:

"Me and my brother are owner of flat (on agreement ) "

Are you not title holder?


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register