Stamp duty on gift deed transfer from brother to sister and mother to son

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Kavita R (Querist)
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13 February 2024 Kindly let me know the stamp duty on gift deed tranfer of residential flat in Mumbai from brother to sister and mother to son ?

Is stamp duty mandatory in case of gift deed in MUMBAI?

Kindly guide the procedure .

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 February 2024 As per Article 34 of the Bombay Stamp Act, 1958 the applicable stamp duty on a gift deed for an immovable property to a blood relative including wife, husband, brother, sister or to any lineal ascendant or descendant of the donor is at 3% of the property's market value.

Kavita R

Kavita R (Querist)
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13 February 2024 Thank you sir for your immediate answer.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 February 2024 You are welcome..
...

Kavita R

Kavita R (Querist)
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15 February 2024 One more query is there any amnesty scheme for relief in stamp duty . Kindly guide.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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