Stamp Duty

Dear Swetha,

Being a Lawyer you should know that the immovable property (Flat in this case) can be transferred to another person by way of - Gift, Sale Deed etc.

In this case, I do not think that your client would be getting any consideration from his mother for transferring the flat in her name.  Therefore, it would be a Gift Deed.  Gift Deed would involve lesser stamp duty compared to outright sale deed.

Mr. Rachandran,

I am aware that the above mentioned property can be transfered vide gift deed. What i need to know is the procedure and the stamp duty amount since even though gift deed attracts lower stamp duty, the amount has to be still catculated.

Regards

Shweta

In that case you should have  asked the straight question as to what is the stamp duty payable on a Gift Deed.  In any case, for this you have to ascertain from the Sub-Registrar's office since the rates vary from State to State.