ICICI

Stamp duty & registration cost on gift deed?


CA Narendra Gupta (CA )     26 March 2019

CA Narendra Gupta
CA  
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We (brother & myself) jointly owned a Residential Property in Thane Dist in the year 2002 @ 6.5 lacs. Elder brother gifting his 50% share to yonger brother & market value of the flat is 52 lacs. My concern is what would be the stamp duty & registration cost on Gift deed?

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Dhirajlal Rambhia (KVO Merau Kutchh)     26 March 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
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For brothers, there is no concession over stampduty over Gift deed; its same as 3% in Maharashtra. Registration charges in addition.

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CA Shikha Sharma (Ceo)     08 April 2019

CA Shikha Sharma
Ceo 
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Yes agree with sirs concern


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