STAMP DUTY ON GIFT DEED

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Jayalakshmi Ramasamy (Querist)
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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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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%>

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