Transfer of property from father to son

As per article 33 of schedule I of Indian Stamp Act applicable in Tamilnadu, there is no relief from stamp duty in case of gift of immovable property. Hence you will have to pay stamp duty on market value o property as if the same is conveyance.

Stamp duty on immovable property within Chennai Metropoletan area is 6% as per GO Ms no 177 dated 20-11-2003.

 Settlement Deed would be be an ideal option where the stamp duty would be minimal. Mr. Vineet may good enough to provide the current rates of stamp duty as applicable in T.N.

Vasudevan

gift deed to show the recitals the transfer is purely out of love and affection minimam stamp duty is sufficient but the stamp duty  is the state enactment it is differs from state to state .tamilnadu registration official website  helps to you,exact rates on the instrument .