HUF Dissolution

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This discussion clarifies stamp duty charges for HUF dissolution in Mumbai. While a formal partition deed typically incurs a 2% stamp duty in Maharashtra, a family settlement can avoid this cost. However, for immovable property, a family settlement might not always be suitable, especially if the property is intended for sale soon. The advice leans towards a registered partition deed for long-term clarity if a family settlement isn't viable.

gandhi

gandhi (Querist)
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28 March 2025 My query is on dissolution of huf the property divided n share given to co arcener. Now is stamp duty chargeablen 1% metro cess to be paid in Mumbai for same?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 March 2025 Stamp duty is chargeable when a formal partition deed is executed, 2% in Maharashtra. However, if a family settlement is utilized instead, no stamp duty applies.

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gandhi

gandhi (Querist)
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28 March 2025 It is immovable property hence family settlement will not work i feel?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 March 2025 Depends upon your requirement...
If property wished to be sold in near future it will work. Otherwise go for registered partition deed.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 September 2025 Good luck....

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