Gift deed

Querist : Anonymous (Querist) 08 May 2019 This query is : Resolved
What is current stamp duty and registration charges on gift deed from father to his son in Maharashtra (note : it's a residential property)

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kavksatyanarayana (Expert) 08 May 2019
Dear queriest, This is a State subject. the Stamp duties vary from one State to other State. However I think, a Gift to family members, Father, mother, son, daughter, grandson/daughter or blood relatives, the maximum duty payable is Rs.200/- for the properties in Mumbai only.

Adv Shailendra Deshpande (Expert) 13 May 2019
Gift duty in Maharashtra is 5% of market value of property if immovable property is situated within Municipal Corporation and 4% immovable property is situated within Municipal Council or Nagar Panchayat or Contonment Area as per notification issued by Maharashtra Govt w.e.f. 7th Sept. 2017.

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