Stamp duty for transfer of property in blood relation

Is there stamp duty on transfer of land in Maharashtra? What is land and property transfer? Do I have to pay stamp duty on land?

Many of the frequently asked topics are stamp duty on property transfer between family members. Mostly, people are concern about the property stamp duty and the cost of doing property transfer. First, in your recent column you had stated that there is no tax on transfer of property in blood relations in Punjab.

However, an official told us that we will have to pay tax at per cent in. So far as the properties in the name of your mother are concerne she can execute a will or gift deed to transfer the properties to you and your brother. It cannot be avoided even in case of gift among blood relations. Stamp duty in your case will be.

Gifting of a house property , has certain income tax and stamp duty implications. Talking on the debate, Shri Eknath Khadse said that farmers wanted to give land to successor or sometimes for family partition , of stamp duty is a burden hence government is determined to reduce such burden and when property is transferred within family or blood relations , there should not be any stamp duty. If the recipient is a family member, then only 0. Computer fee: lac to lac value of Collector rate : Rs. Above lac to lac : Rs. Pasting Fee (Per document) : Rs.

Mutation fee for Rural Area : Rs. A gift deed is made when a property is transferred to a blood relative. Before his decision the government was charging stamp duty.

The roll back on the gift deed has not appeased the warring ally –Shiv Sena. Currently, the rate of stamp duty applicable to transfers of non-residential property , which includes a building site or lan is. An official spokesperson said the decision comes in wake of the observation that the stamp duty leviable on the transfer of immovable property within family and among blood relations poses a. How much SDLT you pay depends on what is called the chargeable consideration.

Coyld you please confirm the rate of stamp duty for gift deed in blood relationship. (1) To transfer the property through gift dee gift deed attracts stamp duty on market value of property in Uttar Pradesh. The council of ministers in Haryana. Property is located in Moradaba Utter pradesh. My question is , whether on a gift deed of property by brother to her real sister, stamp duty on rateable value is payable for registration or is exempted when the property is transferred between the blood relations by way Gift Deed.

Now there is no stamp duty on the transfer of property to blood relations. It is exempted to relations like children, grandchildren, brother and sister. Earlier the exemption of property transfer is given only to mother, father, son and daughter.

Home Secretary Anurag Agarwal has given orders for it. In general, the only factor affecting the amount of stamp duty is the value of the property. The stamp duty on gift deed may or may not be equal to the general stamp duty you pay on selling or relinquishing the property.

It is different for different states in India. Circle rate is the minimum price at which stamp duty is payable in case of transfer of immovable property.