Stamp Duty for Gift Deed


 Hello Sir,

I would like to gift Rs.200000 to my father. For that I want to create the gift deed. Please let me know how much is the stamp duty for creating the gift deed.

Thanks,

Krishna

 

 

 
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Advocate

Since gift of immoveable property requires registration you need to pay stamp duty, however, in case of gift of money the gift deed can be drawn on a plain white paper stating and confirming the gift to your father. 

 
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Advocate

 

GIFT OF MONEY TO FATHER
 
 
LET IT BE KNOWN TO ALL by this Deed of Gift that I, …………….. S/o…………… R/o……………….. do, hereby, out of natural love and affection and also out of my free will and without any force, compulsion or undue influence, transfer an amount of Rs………….. to my father Mr……….. X ……… S/o……….. R/o……………. as ……………..(mention if you are specifically gifting for any purpose viz. purchase of house, maintaining himself in his old age, for his own personal needs etc………….)
 
IN WITNESS WHEREOF, I have signed this deed of gift on …………………….
 
In presence of
 
Witnesses:                                                                            Sd/-Donor……….
1……………..
2………………..

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My mother is Gifting me Rs, 475000/- cash through A/c Payee DD. I have already made a Gift Deed for the same. Should the deed be required to registered and whether this transaction is liable to Stamp Duty in Gujarat??? Please Reply urgently>..

 
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Advocate

Dear Sir,

No, u have taking movable properties from ur mother, so that u have no need to pay any stamp duty on it. beacuse stamp duty is paid only on immovable properties.

 
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Dear Sir

My Mother-in-law want to gift a lant worth 800000 to me n my wife. Please let me know how much is the stamp duty for creating the gift deed.

Regards

Sathya

 
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Director

Dear Mr Sathya

 

Your case is different as the same involves gift of immovable property and thus the gift deed needs to be registerd. The stamp duty depends upon the state in which the property is situated.

 
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Director

Further the value of land also depends upon the circle rate adopted by Stamp Duty authorities for market valuation purposes.

 
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Dear Vineet

The land is in madurai and it is in the circle of Panchayat. Government land cost value is 65000/Cent. I wnat to know the registration cost and the possibility of registering the land in my name and in my wife name.

Regards

Sathya

 
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Director

DearcMr Sathya,

 

I am not very well versed with the geography of Madurai and surrounding areas, however, as per Tamilnadu stamp act, the stamp duty on gift deed of immovable property shall be charged as if conveyance. So in your case it will be 6% of market value of property.

 

However, it will be most prudent if you consult any loacal lawyer in Madurai dealin with property matters.

 
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