How much rs stamp paper to be purchased for gift deed of immovable property

Querist : Anonymous (Querist) 10 September 2011 This query is : Resolved
Sir,
how much Rs. of stamp papers should i purchase for gift deed of immovable property.
market Value is 1 crore and book value is Rs. 9 lacs
and consideration is nil. it is in mumbai , at malad (west).

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Sailesh Kumar Shah (Expert) 10 September 2011
where is the property situated?

Devajyoti Barman (Expert) 10 September 2011
Ask for the same from the concerned Registration Office as the stamp duty differs from state to state.
In Bengal it is 6% and 1.1% depending upon the market value as fixed by the Registration Office itself.

ajay sethi (Expert) 10 September 2011
you have to furnish complete details as to where property is sitauated to enable us to answer your query . stamp duty differs from state to state

Advocate M.Bhadra (Expert) 10 September 2011
Apply to the concerned Sub-Registrar Office for valuation of the property and ask the value of stamp duty and registration charges to execute a Gift deed.

Ganesh Chavan (Expert) 10 September 2011
I agree with Experts but it is better to visit sub registrar office and inquire the Valuation of the property.

M/s. Y-not legal services (Expert) 10 September 2011
give us the property details.. cos its will differ from state to states..

prabhakar singh (Expert) 10 September 2011
The value of stamp duty would be subject to law prevalent in the state where the property is,which roughly speaking including all expenses together with registration charges may count 10% of market value.

Querist : Anonymous (Querist) 12 September 2011
Sir,
i want to make gift deed of immovable property.i.e flat.
market Value is 1 crore and book value is Rs. 9 lacs
and consideration is nil.
MY QUESTIONS TO U IS
at what percentage stamp duty will be levied? it is mandatory?
Transerer is brother of proposed transferee.
it is in mumbai , at malad (west).
whether it should be registered with court.

prabhakar singh (Expert) 12 September 2011
Visit the sub registrar office of the area for exact calculation.an approximation already given to you.

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