release deed
Hariharapandian
(Querist) 31 July 2017
This query is : Resolved
For execution of the Deed of Release, what is the amount of stamp fees to be paid.
Kumar Doab
(Expert) 31 July 2017
Stamp duty is state subject.
Check at SRO.
Rajendra K Goyal
(Expert) 01 August 2017
Stamp duty differ from state to state, discuss / consult local registrar office / local lawyer.
Keshav Rao N
(Expert) 01 August 2017
It depends.Is the release between close family members?The stamp duty will be on the value of property as determined for the smallest share holder.Suppose a property has 4 share holders and one of them wants to release in favour of other three then The stamp duty is payable on 25% value of property.If property is valued at say ,80 Lakhs then for purposes of documentation stamp duty will be on Rs.20 Lakhs.Here also there is a ceiling,that is even if the property is valued in crores the maximum will be restricted to the specified limit say Rs.25000/- or so depending upon which state the property is situated.Of could best option is to engage a lawyer to draft the deed and take his help to get document registered.He will guide you.What is mentioned is my personal experience.
