stamp duty

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hi im han just wanted to knw my uncle (my father's elder sister's husband) is giftin  me a house in secunderabad  A.P

i found out here that i or him are not tax able for income tax on this gift as its  from a relative defined in gift tax law in oct 1st 2009. but i was told that i need to pay 6-6.5 % stamp duty for this gift at the registars office??? but i think i need to pay only 1-1.5% of stamp duty for this gift as im a family member!!???? im confused pls clarify????

Replies (1)

yes , ur right. u hav e pay only 1% reduced / concessional  stamp duty on the said transaction.

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