Gift property in malabar hill mumbai
Ragvendra Singh
(Querist) 13 December 2013
This query is : Resolved
my cousin has a share in joint family property which he wants to gift to his father, his father's wife and his wife as three donees through one single gift deed? how much stamp duty and registration charges would be required to be paid for this inter family gifting?? the property is situated in malabar hill area mumbai.
ajay sethi
(Expert) 13 December 2013
flat in malabar hill must be worth in crores . your cousin can afford legal fees .
ajay sethi
(Expert) 13 December 2013
stamp duty is around 2%of market value of flat
Ragvendra Singh
(Querist) 13 December 2013
its is not in crores ... it is only his sole interest he want to transfer in the joint property ...
ajay sethi
(Expert) 13 December 2013
contact a local lawyer. stamp duty rates have already been intimated to you . registration charges are nominal
Ragvendra Singh
(Querist) 13 December 2013
ok Mr. Ajay thanks for the inputs ..
ajay sethi
(Expert) 13 December 2013
thanks for your appreciation
Ragvendra Singh
(Querist) 13 December 2013
query open for more additions ...
Ragvendra Singh
(Querist) 13 December 2013
is it necessary to hire a lawyer to do registration ... i believe we could do it ourselves?? coz lawyers in malabar hill area charge hefty sums ...
R.K Nanda
(Expert) 13 December 2013
consult local lawyer.
Rajendra K Goyal
(Expert) 13 December 2013
Stamp duty differ from State to State, it has to be inquired either from Some local lawyer or Registration office. Latest Stamp Act may also be referred. Preferably get the gift deed vetted from some professional.
After it you may get it registered.
Ragvendra Singh
(Querist) 13 December 2013
Ok thanks Mr. Rajendra for the inputs... i think u are right ... better to go directly in registration office and inquire there ..
Nishant
(Expert) 14 December 2013
Contact me +919699911372
I know the Process and Registrars methods.
Raj Kumar Makkad
(Expert) 14 December 2013
Nishant! This site is meant just for charity and not for self advertisement which otherwise is barred for the lawyers as per Advocates Act, 1961.
