Stamp duty on registration of gift deed in m.p

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If a gift is executed between brothers, what is the current rate of stamp duty in MP
Replies (3)

1% stamp duty for Gift Deed in between  Family members(which includes mother, father, wife, husband, son, daughter, brother, sister, granddaughter and grandson etc.)

For the registration of the document, a fee needs to be paid to the sub-registrar which is between 0.5 to 1% of the market value of the property.

Details at https://www.igrs.mp.gov.in/

 and https://www.mpigr.gov.in/indexEnglish.H T M L

Thanks Sir, 

If a gift is through cheque, then it is mandatory to get it registered? 

 

No       


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