Property recd by gift in heritance , Do stamp duty reqd
Querist :
Anonymous
(Querist) 23 January 2010
This query is : Resolved
Our property belong to my father and my father expired and my mother straightaway transferered the property in my name .This is a document executed by a Donor, voluntarily transferring his rights & interests in the asset in favour of Donee. In such case donee becomes a recipient of gift.
This document also consists of name, address, age, nationality of the donor & donee, the description and value of asset being gifted, place & date of execution as required for transfer of documents. By this document transfer of rights in favour of donee are in perpetuity which in other words can be termed as absolute transfer.
The assets so transferred under Gift Deed by donor to donee can be out of love affection; or special goodwill gesture; either in favour of any relation or otherwise.
Does This documents attracts the stamp duty and should be registered with registrar for giving proper effect of such transfer in Govt. records.
R.R. KRISHNAA
(Expert) 23 January 2010
Gift deed attracts stamp duty. As transfer of property is taking place by way of gift deed it is compulsorily to be registered.
Querist :
Anonymous
(Querist) 23 January 2010
AS PER NEW GUIDELINES OF CITY SUVEY IN GUJARAT, PROPERTY HAS TO BE TRANSFERRED ONLY BY AFFIDAVIT WITH INFAMILY MEMBER BY AFFIDAVIT AND DOES NOT ATTRACT ANY STAMP DUTY AS PER CITY SUVERY WEBSITE GSWAN.COM DOES ANY ONE KNOW NOTIFICATION NO
