3 of the 8 share holders of a house property in kolkata want to gift their 3/8 share to other 5 coowners. Market value of the property is Rs 20 lakhs. What will be the stamp duty and registration charge for the gift deed?
Advise requested.
Asoke Kumar Ghosh (Professor (retired)) 13 February 2022
3 of the 8 share holders of a house property in kolkata want to gift their 3/8 share to other 5 coowners. Market value of the property is Rs 20 lakhs. What will be the stamp duty and registration charge for the gift deed?
Advise requested.
Adv. Mohit Chahal (Advocate) 13 February 2022
Advocate Bhartesh goyal (advocate) 13 February 2022
Gift for ancestral property or undivided property can not be made. If 3 of 8 shareholders of property wish to transfer their undivided share they can either execute relinquishment deed in favour of others or sell their undivided share or bequeath by executing will deed but can not execute gift deed.
Dr J C Vashista (Advocate) 15 February 2022
Stamp duty is a State subject which differ from a State to another, for registration of a Gift Deed it is same as Conveyance Deed in Delhi.
How the donor has acquired the subject property ?
It would be better to consult a local lawyer / Sub-Registrar / document writer.
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
