Gift of immoveable property in blood relation

This query is : Resolved 
 

(Querist)
25 February 2012

DONOR IS CO-OWNER OF TWO FLOORS IN NORTH DELHI AREA WITH HER SON AND WANTS TO GIFT HER SHARE TO HIM. WHAT SHALL BE THE THE STAMP DUTY CHARGES IN SUCH CASE. KINDLY ADVICE




Guest (Expert)
25 February 2012

The rate of stamp duty is minimum in case of gift of immovable property between blood relations.5% of the consideration amount set forth in the instrument
Download PDF file showing Delhi Govt stamp duty and read 33. No. ;
http://delhi.gov.in/wps/wcm/connect/Lib_Finance/finance/home/acts+and+rules/rates+of+stamp+duty+in+delhi

raj kumar makkad (Expert)
25 February 2012

Nothing to add in the practical advice of Vyas.

Rajeev Kumar (Expert)
25 February 2012

Nothing to add more

prabhakar singh (Expert)
25 February 2012

It would not be possible for you to ascertain stamp duty on your own from visiting the site as duty would be subject to valuation of property fixed by the state.
Hence it would be practical for you to visit the sub registrar office of your area to know the exact duty payable by you.



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