Quit

M. R. Khan (Querist) 24 February 2013 This query is : Resolved
D/Experts,
Does Release Deed / Quit Deed / Relinquishment Deed attracts Stamp duty (i.e. as per state to state 5/6/8% etc.) or the Stamp duty is different in this case, as family members are involved only and they want to relinquish their share in favour of one person.
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prabhakar singh (Expert) 24 February 2013
Certainly it would differ from state to state.But in none of the states it would be
found equal to or @ of duties charged on a sale deed,rather it would be much less in case of family transactions of QUITS.

Devajyoti Barman (Expert) 24 February 2013
Yes, these attract stamp duty which varies from state to state

R.K Nanda (Expert) 24 February 2013
u have to pay stamp duty.

V R SHROFF (Expert) 24 February 2013
SD at reduced rate..

Raj Kumar Makkad (Expert) 27 February 2013
The rates of stamp duty in such matters are very very nominal viz. in Haryana only a duty of Rs. 500/- (Five hundred ) is sufficient for this prupose.

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