naresh A Mr. (Others) 29 April 2014

Stamp duty in chennai for gift deed

Dear Experts, Can anybody guide me on what is the stamp duty to be paid for gift deed of a property (vacant plot of residential land) in Chennai, Tamil Nadu?

The property would be gifted by a mother to her son just in case this information is required!

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6 Replies

kavksatyanarayana (subregistrar/supdt.(retired)) 29 April 2014

a mother can settle her property to her family members, the stamp be paid is at 1% on the value of the party or market value whichever is higher. this is for information.

Laxmi Kant Joshi (Advocate ) 29 April 2014

1% stamp duty to be paid on the total valuation of the property calculating on circle rate , you can calculate and paid on market rate also but it should be more than circle rate .

Sankaranarayanan (Advocate) 29 April 2014

i do agree with experts

naresh A Mr. (Others) 30 April 2014

Thanks so much dear kavksatyanarayana sir, laxmi sir and sankar sir for your inputs. It really helps. By the way.... by saying circle rate do you mean guidelines value??

Sankaranarayanan (Advocate) 30 April 2014

where are you in chennai

ajithtogo (Partner) 05 May 2015

Stamp Duty for Gift Deed or Settlement Deed by Mother in favour of Son related to a Immovable Property in Chennai (Tamilnadu) is 1% of the Market Value to the maximum of Rs.25000/- and the Registration Fee is Rs.4000/-