What is Stamp Duty and Registration Fees for Gift Deed?. I wants to donate my flat located in western suburb of mumbai to my daughter, is there any stamp duty required to be paid to government or without that the registration will be possible. 0. Reply. Vikram. Author. Reply to bharat magdani 5 months ago Stamp Duty is exempted but you would need to pay 1% LBT and 1% Metro Railway Tax (if.
Property gift by a Muslim won’t require registration in Maharashtra; Property gift by a Muslim won’t require registration in Maharashtra The BJP government in Maharashtra has stated that a gift of an immovable property, whether oral or written, under the Muslim law will be considered as a valid one, even if the deed in this regard has not.
Mrunalini Deshmukh is an expert Lawyer in Academic Laws, Criminal Laws. Mrunalini Deshmukh is from Mumbai, Maharashtra.
Real Estate Professionals in India Biggest Online Platform for all real estate professionals in India. Welcome to stampdutyregistration.com a complete real estate web portal for all real estate related topics across India.The terms stamp duty, registration are usually used in context of property transactions and hence the name of the portal.
The law of registration of documents is contained in the Indian Registration Act. This legislation provides for the registration of various documents, to ensure conservation of evidence, prevention of fraud and assurance of title.
Documents related to the gift of immovable property. Any gift deed irrespective of the value of the gifted property needs to be registered. Other non-testamentary instruments which purport or operate to create, declare, assign, limit or extinguish, whether in present or in future, any right, title or interest, whether vested or contingent, of the value of one hundred rupees and upwards, to or.
The registration charges payable on a gift deed differs from state to state. In certain states, it is a percentage with a cap, and in other states it is an amount with no cap. It would be advisable for you to check with a local lawyer as to what the registration fee would be on the gift deed in your state.
What is Property Registration. A property needs to be registered for the purpose of sale, transfer,gift or lease in accordance with Registration Act,1908.As per Section 17 of the Registration Act, 1908, all transactions that involve the sale of an immovable property for a value exceeding Rs 100, should be registered.If someone doesn’t register a property while doing above mentioned.