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dilip   22 May 2015

Stamp duty for gifting property in navi mumbai to relative

I hear stamp duty is waived for transferring property in Navi Mumbai to close relatives.

Is this already effective or is it still 2%.

Thanks



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 6 Replies

bsrao   22 May 2015

There is no stamp duty w.e.f. April 24, 2015 on gift deeds in Maha.

dilip   22 May 2015

Thanks for your input.

I talked to a property lawyer in Navi Mumbai and she was clear that there IS a 2% stamp duty for transfer (gift) of property among close relatives. Confusing. Would like to hear from more experts.

Jatin Mittal (Corporate Lawyer)     24 May 2015

Dear Dilip

Please make sure that the property is tranferred to someone in blood relation, otherwise the stamp duty will be applicable, Waiver on stamp duty on tranfer is only in blood relations. For any further clarification, write to me at mittaljets@gmail.com. No charges for the consultation.

dilip   25 May 2015

Thanks. Appreciate your input.

T. Kalaiselvan, Advocate (Advocate)     25 May 2015

Yes the said law exempting the samp duty has come into force, confirm from local registrar's office.

dilip   26 May 2015

 

Thank you Kalaiselvan. Appreciate your input.


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