Can mother gift a ownership flat to her Daughter ? can I do it through Gift deed ?
What will be stampduty on gift flat, if consideration Amount is Nil ?
David Dabre (Finance Manager) 04 July 2012
Can mother gift a ownership flat to her Daughter ? can I do it through Gift deed ?
What will be stampduty on gift flat, if consideration Amount is Nil ?
Adv.R.P.Chugh (Advocate/Legal Consultant (rpchughadvocatesupremecourt@hotmail.com)) 04 July 2012
Yes such a gift can be made. The stamp duty applicable depends on your state. In Delhi the stamp duty is 3 % of the value of the property, this is payable although consideration is always NIL in a gift deed.
Gorimaa..B (Law Student) 04 July 2012
Yes mother can gift a ownership flat to her daughter .and the gift deed should be registered.
Gorimaa..B (Law Student) 04 July 2012
Yes mother can gift a ownership flat to her daughter .and the gift deed should be registered.
David Dabre (Finance Manager) 05 July 2012
Thanks !
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