Registration of gift deed in mumbai. Important case laws on Gift Deed (Page 1)

In Mumbai, now registration fees are generally accepted by Pay Slip of Bank. It is better to pre check at concern registrar office the stamp duty and exact registration fees payable. Registration fees are to be paid on value of such property rounded off nearest to rupees in thousands. Collector of area who has collected proper stamp duty, However when Document presented by electronic means.
As per Registration Act, 1908, since the gift deed would deal with immovable property, the same would need to be registered with the applicable Sub-registrar (the registration charges payable would be 1% of the market value of the property, subject to a cap of Rs 30,000). Gift deed is valid only if it is registered and stamp duty is paid. If you release your share in the said flat in favour of.
A gift deed is a document through which a person or persons (i.e. a donor) can transfer its property to another person or persons (i.e. donee) by way of gift without payment of any money or other consideration. A gift deed can be used when a person being a valid owner of an existing property wishes to gift his property to someone. A minor is incompetent to gift a property.
Gift Deed Registration. Description. Gift is the transfer of certain movable or immovable property made voluntarily and without consideration, by one person, called the Donor, to another, called the done and accepted by or on behalf of the Donee. The acceptance of the gift must be made during the life of the Donor, while he is steel capable of giving it, and should be accepted before the death.
Also, the rates for conveyance deed stamp duty in Mumbai remain the same, while other areas have seen an increase of 1%. Stamp Duty and Registration Charges in Mumbai. The current registration charges for residential property purchases is 30000 INR. The stamp duty is taken at a standard 6% in all of Maharashtra except Mumbai, which has an extra.
MUMBAI: In a major u-turn, the state government on Thursday revoked the decision to hike stamp duty on gift deeds which was passed by the state cabinet two days ago.

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.

Particulars of a gift deed - The Hindu.