Cash gift deed

Querist : Anonymous (Querist) 30 October 2021 This query is : Resolved
I want to give money to my sister and register the money transfer by a Gift Deed. Do I have to pay stamp duty in Delhi? And how much % will I have to pay as Stamp duty?

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If you're looking to transfer money to your sister via a cash gift deed in Delhi, you'll need to understand the stamp duty implications. The rate varies based on the beneficiary's gender: 4% for females, 5% for male and female recipients, and 6% for males. While registering a gift of movable property is optional, consulting your local Sub-Registrar of Assurances (SRO) or checking igr.delhi is recommended for precise details.

kavksatyanarayana (Expert) 30 October 2021
The Stamp duty varies from one state to another state. Hence consult in local SRO or search igr.delhi for the purpose. The registration of the Gift of movable property is optional.

Dr J C Vashista (Expert) 01 November 2021
It is 4% of the amount for female, 5% for male + female whereas, 6% for male beneficiary.

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