Gift deed to brother/mother possible?

Sir,

For a gift to a member of the family the applicable stamp duty is @5% of the value of the asset being gifted, apart from the registration charge.

Good Luck

Kishor Mehta

it is different when the donee is a family member. kindly check.

Sir,

Please amend my statement to read: " A gift deed attracts stamp duty @5% of the value of the asset being gifted, and a gift to a member of the family the applicable stamp duty is @2% of the value of the asset being gifted, apart from the registration charge.

Thanks Mr. Jairaj for drawing attention to the inadvertent mistake.

Kishor Mehta

It is usually the case, when many advice are offered in a short span, some mistakes might creep in, however it takes a gentleman to own up to his mistake.

Kudos to Mr. Kishor Mehta for accepting an inadvertent mistake.

Senior Citizen

generally the stamp duty is different from state to state.  hence where is the property  situated.