We (brother & myself) jointly owned a Residential Property in Thane Dist in the year 2002 @ 6.5 lacs. Elder brother gifting his 50% share to yonger brother & market value of the flat is 52 lacs. My concern is what would be the stamp duty & registration cost on Gift deed?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177801 Points)
Replied 26 March 2019
For brothers, there is no concession over stampduty over Gift deed; its same as 3% in Maharashtra. Registration charges in addition.
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