Transfer of property through gift deed
sra
(Querist) 03 April 2015
This query is : Resolved
W.r.t the new announcement made by Mr Eknath Khasdse on 26th March 2015, There is no stamp duty in Maharashtra on Transfer of Property to legal heirs.
If there is a property in joint name of husband & mother inlaw which is getting in transferred in name of wife & daughterlinlaw, is stamp duty applicable?
Additionally if property is on loan, will the loan have to be settled ie are original property papers required?
Is there a checklist for Transfer of Property? How much time is involved to get the paperwork done?
After registering the gift Deed does the previous agreement become null and void? When the property is to be sold in future is it done based on the registered Gift deed.
What is the authentic site to check ready reckoner value.?
T. Kalaiselvan, Advocate
(Expert) 03 April 2015
All your queries involve local law for which a local law practicing advocate will be having proper replies in the prevailing circumstances. You may consult one.
sra
(Querist) 03 April 2015
I understand and have already contacted one , wanted to reconfirm the advice.
Can someone atleast confirm if the current scenario qualifies for gift deed.
Kumar Doab
(Expert) 04 April 2015
The announcement shall come into effect when it is notified. You may go thru notification and visit the local registration office.
