Gift of property sister who is married

Querist : Anonymous (Querist) 10 November 2011 This query is : Resolved
Dear all,

Can a gift deed be registered for immovable property, which is gifted between sisters ( Both are twins). When I enquired with sub-registered office in Chennai, they said it cannot be done and we have to pay full stamp duty as per guideline value.
But for gift the stamp duty is only Rs.10,000/-. Can any one advice me on this issue.
Reg
K Sriram

Follow Query

Report Abuse

ajay sethi (Expert) 10 November 2011
stamp duty on gift deed would depend upon state where you are located . each state has its own gift tax

As per the provisions of Bombay Stamp Act, 1958,

In case the donor and the donee are blood relatives like brother, sister, father-son, mother-son, husband and wife, then the stamp duty at rate of 2% of the market value has to be paid a stamp duty.

Shailesh Kr. Shah (Expert) 10 November 2011
Stamp duty on gift deed is differ from state to state.

Check with local lawyer.

prabhakar singh (Expert) 10 November 2011
Yes ! stamps duties are matters of states.

Devajyoti Barman (Expert) 11 November 2011
Generally the stamp duty between the family relations like brothers and sisters attract lesser amount.

prabhakar singh (Expert) 11 November 2011
In family matters perhaps Mr. Barman means.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Gift of property sister who is married

Similar Resolved Queries :

Download LCI APP

Our Network Sites