Stamp duty and market value of 40 years old residential flat

Mehta (Querist) 29 December 2016 This query is : Resolved
(1) What is Stamp duty & registration fee on Gift of residential flat located at Mumbai,Maharashtra From Nephew(Bhanja-Sister's Son) To Mama(Sister's Brother).

(2) How the market value of Flat will be calculated if it is in 40 years old building.

Thanks

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R.K Nanda (Expert) 29 December 2016
contact local lawyer.

Rajendra K Goyal (Expert) 29 December 2016
How are you concerned?

Refer circle rate chart.

Stamp duty differ from state to state, discuss / consult local registrar office / local lawyer.

Ms.Usha Kapoor (Expert) 30 December 2016
Show the house to approved valuers. This way market value can be estimated.

Ms.Usha Kapoor (Expert) 30 December 2016
show THE HOUSE TO APPROVED VALUERS. ALSO CHECK market VALUE OF SURROUNDING HOUSES IN THE NEIGHBORHOOD WHICH ARE SIMILAR TO YOUR ROUSE market value. So a FAIR market value can be estimated.

Mehta (Querist) 30 December 2016
Is there any concession for old building flat's valuation ? Flat is in 40 years old building.

Guest (Expert) 30 December 2016
Undivided Share Value of Land would have appreciated but Certainly there would be depreciation in Building Value.Confirm with your Concerned Registrar Office.

Guest (Expert) 30 December 2016
In Registrar Office they Normally take in to account their Guide Line Value and Not the Market Value Subject to the amount mentioned in the Document to be Executed.

Rajendra K Goyal (Expert) 30 December 2016
Author has not replied the questions from experts.

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