transfer of immovable property

cutesmile (Querist) 27 May 2013 This query is : Resolved
My client is aged about 80 years wants to give his immovable property to his grandchildrens while he is existing. Gift deed is attracting stamp duty of 2%. Is there any other way where in stamp duty payment can be done away with.

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Adv Archana Deshmukh (Expert) 27 May 2013
In my opinion no other way. If you want to avoid stamp duty altogether then, ask your client to execute a will.

Raj Kumar Makkad (Expert) 28 May 2013
Stamp duty cannot be avoided and gift deed is the only cheapest way to transfer.

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