xyz (xyz) 20 November 2013

Avoid registration and stamp duty for transfer within family

I would like to avoid paying registration and stamp duty just for transfer of share/gift deed within family. Please help me with below queries:

1. Can registration and stamp duty be avoided for transfer of share/gift deed within family in navi mumbai thane area?

2. Does gift deed registration require stamp duty as well?

2. Does gift deed without its registration involve any risk in future?

3. If yes, how long can registration be postponed?

4. Can we sell the property in future without the deed being registered without any legal and family dispute issue?

5. Is gift deed from mother in law to daughter in law considered within family?

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2 Replies

Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 20 November 2013

All types of Deeds have to be compulsorily Stamp Duty paid and Registered, to have legal effect in Court and in any future transactions /transfers.

Keep Smiling .... Hemant Agarwal
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Laxmi Kant Joshi (Advocate ) 20 November 2013

1. The procedure is that every gift deed should be made on the requisite stamp paper and the same should be registered in the sub - registrar office . 2 .mother-in-law can gift a property to her daughter-in-law only if when the property is in her name and in her possession .3 .if gift deed is not written on requisite stamp paper and not registered in the sub-registrar office then It has no value it cannot be transfered in the name of DIL and she(DIL) can not sell it .