Vinod (Other) 06 September 2011
If a residential property in Mumbai, Maharashtra is being gifted to an individual (donee) by his mother's mother (maternal grandmother) then at what rate the stamp duty is calculated. Does the son & maternal grandmother relationship fall in lineal descendent case (where it is calculated as 2% otherwise 5%). Thanks for your response in advance.
jayant (legal) 06 September 2011
It is as per the Bombay Stamp Act Art.55,59 and 34, it is as per market value
Vinod (Other) 07 September 2011
Jagan, I wanted to know whether stamp duty is calculated at 2% or 5% based on an individual and maternal grandmother (does they fall in lineal descendant) relationship.
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
