Stamp duty and registration charges for house property given under gift deed

Mrs. Jyoti Amit Mankame (Querist) 01 February 2014 This query is : Resolved
House Property Gift deed between My Husband and his sister. His sister transfer House property located at Mahda Malad Malwani to my husband. What is the Stamp duty and registration charges for this transaction.

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ajay sethi (Expert) 01 February 2014
stamp duty would be 2%of market value of property . registration charges around Rs 30,000.

Rajendra K Goyal (Expert) 01 February 2014
Stamp duty differ from State to State. Expert ajay sethi ji is from Mumbai he has advised as per Mumbai.

Raj Kumar Makkad (Expert) 04 February 2014
2% is he rate of stamp duty over gift deed in Maharashtra.

R.V.RAO (Expert) 19 February 2014
yes.stampduty is state govt.decided subject.
sriajay sethiji gave useful reply

ajay sethi (Expert) 19 February 2014
since you are from Mumbai only the abaove rates for stamp duty would be applicable to you

Hemant Agarwal (Expert) 13 March 2014
1. State Stamp Duty is applicable on the "rateable value of the immovable property", which is solely valuated by the Tahsildar's records.

2. State Stamp Duty is NEVER calculated on the Market value, which may be drastically Low, vis-a-vis the property ready recknor rates.

3. Stamp Duty of 2% is applicable only on transactions between blood relations.

4. Registration fees is 1% of the transaction amount, .OR. maximum 30,000/- (whichever is lower)

Keep Smiling .... Hemant Agarwal
http://hemantagarwal21.blogspot.in/?view=sidebar

R.V.RAO (Expert) 14 March 2014
sri hemant agarwal is precise to the point and has an eye for detail.very good.

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