Stamp paper

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rohit (Querist)
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09 March 2018 What should be AMOUNT of STAMP PAPER if a person is GIFTING MONEY via cheque/RTGS to his relative.Both parties belong to Delhi.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 March 2018 please refer http://www.delhi.gov.in/wps/wcm/connect/doit_revenue/Revenue/Home/Services/Property+Registration

rohit

rohit (Querist)
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09 March 2018 Mr. Nikhil Kaushik, the above link talks about the property registration. My case is of GIFT DEED for MONEY via Cheque/RTGS. It would be great if you could please tell me the amount of stamp paper.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 March 2018 Dear Rohit,

My mistake. so kindly ignore the earlier message. For movable property (including cash), a simple 100 rupee stamp paper will suffice.

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rohit

rohit (Querist)
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09 March 2018 Thanks for the reply sir.
I have drafted gift deed with ₹10 stamp paper. Would it work ? If not then, What shall be the consequences ?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 March 2018 there are no consequence. I personally prefer atleast Rs 100 stamp paper.