partition

kaushikphm (Querist) 28 May 2009 This query is : Resolved
My sister and myself have property value 10 Lakhs and plan to partition the same.
What will be stamp duty and other fees applicable in chennai.
Please advice

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Y V Vishweshwar Rao (Expert) 28 May 2009

In AP it is 1% stamp duty on half share in case of equal shares / or on minor share value

You can verify with your local registration Office/SRO

RAKHI BUDHIRAJA ADVOCATE (Expert) 29 May 2009
If both of you are in posession of that property then there is no need of court fees, u will have file a simple suit for partition. If u r not in possession then the court fees would be as per ur state schedule.

adv. rajeev ( rajoo ) (Expert) 29 May 2009
Dear Kaushik
It is better to go for mutual partition deed and get it regd.,with dist.,sub- registrar.
In Karnataka it will be regd., with Sub-Registrar.It is very cheap and speedy method.

SANJAY DIXIT (Expert) 30 May 2009
I agree with mr Rajeev, You may do it by way of family settlement deed.

sanjeev murthy desai (Expert) 01 June 2009
Dear Kaushik,

In Chennai

1% stamp duty on the Market value, but not exeeding Rs.10000/-

1% Registration fee subject to the minimum of Rs.2000/-

sanjeev desai

B.B.R.Goud. (Expert) 01 June 2009
whenever both of you are in posession of that property then there is no need of court fees, you have to file a simple suit for partition. If you are not in possession then the court fees would be as per your state schedule. that is, in chennai,

1% stamp duty on the Market value, but not exeeding Rs.10000/-

1% Registration fee subject to the minimum of Rs.2000/-