Valuation of stamp duty on transfer on property
This query is : Resolved
JAY THAKKAR
(Querist)
21 February 2012
A person held a property jointly with his daughter, now a daughter share of property can be taken as gift to her father by documented gift deed.
please clarify the rate of stamp duty payable, & also on market price or cost price. & the same property will be sold after the lapse of 3 year period.
please clarify the rate of stamp duty payable, & also on market price or cost price. & the same property will be sold after the lapse of 3 year period.
Guest
Guest
(Expert)
21 February 2012
The rate of stamp duty in this case will be levied on mraket price prevailin g on the date of transfer. Moreover, subsequent sale of this property has nothing to do with this present rate of stamp duty.
JAY THAKKAR
(Querist)
21 February 2012
Thanks Mr.Samkit Shah.
Dhirajlal Rambhia
(Expert)
12 July 2023
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