Stamp duty on transfer deed by mother in favour of daughter in pune,maharashtra

pawan (Querist) 20 September 2013 This query is : Resolved
whether any stamp duty is payable if mother transfers her flat/house in favour of her daughter in pune,maharashtra
if stamp duty is required to be paid at what rate

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Isaac Gabriel (Expert) 20 September 2013
Yes!It differs from state to state.Probably 1/3 of the normal rate.

ajay sethi (Expert) 21 September 2013
it would depend upon market value of flat . if it is by way of gift deed then stamp duty is 2%of market value .

Raj Kumar Makkad (Expert) 21 September 2013
Mother shall have to register gift deed which requires stamp duty as per local laws.

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