Are registration charges applicable?

SRY (Querist) 14 May 2011 This query is : Resolved
A house is in the name of mother and son. Mother is willing to withdraw from the property and make son sole owner of the property.The property is in Pune.
My question is if 'Registration Charges' apply? Because i has learnt from somewhere that if property is transferred between BLOOD RELATIVES then the registration charges do not apply.
Are there any other options to do this procedure for cheap?

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adv. rajeev ( rajoo ) (Expert) 14 May 2011
u/s 17 of the Indian REgn.Act any property transferred to any body should be compulsorily registrable document.

A V Vishal (Expert) 14 May 2011
STAMP DUTY & REGN CHARGES ARE APPLICABLE BUT ARE NOMINAL IN CASE OF BLOOD RELATIONS.

A V Vishal (Expert) 14 May 2011
Currently the stamp duty on gift to spouse, brother, sister, lineal ascendants or descendants @ Rs. 10 for every Rs. 500 or part thereof (approx. 2%) of market value.

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