Stamp duty on gift deed transfer from brother to sister and mother to son
This query is : Resolved
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 .
Is stamp duty mandatory in case of gift deed in MUMBAI?
Kindly guide the procedure .
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.
13 February 2024
You are welcome..
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15 February 2024
One more query is there any amnesty scheme for relief in stamp duty . Kindly guide.
15 February 2024
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