Cancellation of gift deed and stamp duty

KK (Querist) 13 September 2017 This query is : Resolved
My mother executed and registered gift deed 2 years back in my favor for an DDA apartment can we mutually cancel the same using cancellation deed. It is mentioned in the gift deed that it is irrevocable, and no conditions attached.Will it attract 6% of property value as stamp duty?

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Isaac Gabriel (Expert) 14 September 2017
The gift deed cannot be cancelled,'cause it had been registered two years back as per the prevailing conditions.

Guest (Expert) 14 September 2017
The Gift Deed Could be cancelled with the consent of both the Parties and paying the concerned cancellation fee at Registrar Office.

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Guest (Expert) 14 September 2017
There is no time limits for Cancellation of any deeds with the consent of both the parties complying the requirements at concerned Registrar Office Please

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