Stamp duty and registration reduced ?

Dilipkumar (Querist) 02 April 2015 This query is : Resolved
I have recently read in the newspapers that Maharashtra govt. has reduced the stamp duty / registration charges for transfer of property to close family relations. Is it true? Also , can this reduced duty / fee be availed of ishan I make a gift deed to my children ? If not , then how can this reduction be availed of , if I want to transfer my property to children , during my lifetime ?

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Hemant Agarwal (Expert) 02 April 2015
1. The zero Stamp Duty on blood-relation Gift Deed, is not yet finalized via a government GR.

2. Further it would be grossly unwise to give away all your immovable property to whoever (including children) since this MAY create uncertainty and insecurity for your future life. Hence reconsider, before doing anything.

Keep Smiling .... Hemant Agarwal
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ajay sethi (Expert) 03 April 2015
agree with Mr Agarwal .

Rajendra K Goyal (Expert) 03 April 2015
Well advised, agree with expert Hemant Agarwal.

Dr J C Vashista (Expert) 03 April 2015
I agree with expert advise by Mr. Hemant Agarwal.
Keep smiling and Consult local lawyer/ State Revenue department or the Sub-Registrar.