Fathers property

Agreed with Mr.Goyal.

Please clarify if the property is self-acquired property or ancestral property. If the property is self-acquired, then your father can simply transfer it in your name through a gift deed.

However, please note that the Gift Deed for an immovable property has to be compulsorily registered so as to be valid, and the requisite stamp duty and registration charges paid on the same. The stamp duty costs vary from State to State. Please let me know your state and I will be able to advise you about the Stamp Duty charges.

Please clarify if the property is self-acquired property or ancestral property. If the property is self-acquired, then your father can simply transfer it in your name through a gift deed.

However, please note that the Gift Deed for an immovable property has to be compulsorily registered so as to be valid, and the requisite stamp duty and registration charges paid on the same. The stamp duty costs vary from State to State. Please let me know your state and I will be able to advise you about the Stamp Duty charges.

Hello Sir,

Thanks for your valuable guides

This was ancestral  Property but My Father buy it from my Uncle by registered sale-deed before 15 years. and now Property have my Fathers name Only. There is No issue in Family for this Now My father want to transfer this Property by Name. I am from Nagpur Maharashtra. What Is the good way to reduce stamp duty price ?

What the stamp duty for sale deed & what is for Gift deed ?

Please suggest

The Stamp Duty for Gift Deed in Maharashtra is 5% as is the Stamp Duty for Sale Deed. There is actually no method to save Stamp Duty on the property, other than a Will (in which case you need to pay 7.5% probate costs to a maximum of Rs.75,000).