STAMP DUTY ON GIFT DEED
This query is : Resolved
Jayalakshmi Ramasamy
(Querist)
05 January 2024
Dear Sir,
1. Please can any one let me know the stamp duty in Mumbai for a residential property from Mother to son and from brother to sister.
2. I had gone through the rates on some sites where it says it is Rs. 200/- only for gift deed between family members.
3. If it is from brother to sister it is 2 percent
4. Other than family members 3 percent.
Kindly clarify urgently if the above is correct.
1. Please can any one let me know the stamp duty in Mumbai for a residential property from Mother to son and from brother to sister.
2. I had gone through the rates on some sites where it says it is Rs. 200/- only for gift deed between family members.
3. If it is from brother to sister it is 2 percent
4. Other than family members 3 percent.
Kindly clarify urgently if the above is correct.
CA R SEETHARAMAN
(Expert)
06 January 2024
Father to Son, Husband to Wife, Grand Father to Grand Son/ Daughter) : Stamp Duty is Rs. 200/- (Rupees Two Hundred Only) and plus 1% Metro Cess For Metro Development in Municipal Corporations Area and 1% Local Body Tax (LBT) for Rural Area of the property value.
Brother to sister it's 3%.
Non related it's 5%>
Brother to sister it's 3%.
Non related it's 5%>
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