Stamp duty and registration fee on release deed in tamilnadu

chandru (Querist) 20 February 2021 This query is : Resolved
Suppose if one of the 4 shareholders of a property wants to give release deed, will the value of stamp duty and registration calculated on the value of his / her share of the joint property or on the value of the entire property ?
Please clarify.

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Guest (Expert) 20 February 2021
Release deed between Family Members --- Stamp Duty --1% of the Property value but not exceeding Rs25000/- -- Registration Fee ---1% of the Property Value but not exceeding Rs4000/-

kavksatyanarayana (Expert) 20 February 2021
This Release deed comes under other than family members. Hence the Stamp duty of 8% and Registration fee of 1% on the share of the partner's value but not on the entire value.

Advocate Bhartesh goyal (Expert) 21 February 2021
Stamp duty and registration fee differs from state to state better enquire in sub registrar office in your city.

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