Cost of stamp paper

Abuzar Ansari (Querist) 29 October 2015 This query is : Resolved
Dear Sir,

What is the cost of stamp paper for gift deed in mumbai ?

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kavksatyanarayana (Expert) 29 October 2015
@Author, Stamp duty is payable on a gift deed, for an immovable property is same as payable on the conveyance of immovable property. Stamp duty is calculated on the basis of the property’s market value.
If the gift is made to a family member—husband, wife, brother or sister of the donor or any lineal ascendant or descendant of the donor—duty chargeable shall be at the same rate as specified above, or 2% of property’s market value. and recent amendment, if a residential and agricultural property is gifted to a husband, wife, son, daughter, grandson, grand-daughter or wife of deceased son, duty chargeable shall be Rs.200 only.

Abuzar Ansari (Querist) 30 October 2015
Thanks alot but my concern is about to movable assets (shares)

Rajendra K Goyal (Expert) 30 October 2015
You can prepare an affidavit that you have gifted the shares to particular person. no specific format by IT Act. However for format you can download from:

http://www.club4ca.com/formats/income-tax/format-of-gift-deed-for-transfer-of-shares/

Rajendra K Goyal (Expert) 30 October 2015
May also visit:

https://groups.google.com/forum/#!topic/csmysore/4A9O66o9R6A

For information visit:

http://articles.economictimes.indiatimes.com/2012-11-19/news/35203588_1_donee-stamp-duty-delivery-instruction