Gift deed

harsh (Querist) 02 November 2016 This query is : Resolved
will gift deed for immovable property for blood relation in Delhi attracts any fees...

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ADV-JEEVAN PATIL, MUMBAI (Expert) 02 November 2016
Should be yes since it attracts in Mumbai, Maharashtra

harsh (Querist) 02 November 2016
if yes how much or any other option to save huge money for transfer in blood relations

Rajendra K Goyal (Expert) 02 November 2016
Stamp fee is attracted in Delhi for gifts confirm from local lawyer / registrar office also.

Kumar Doab (Expert) 02 November 2016
It is state subject.

Check with your local counsel, Registrar's office.

Advocate Kappil Cchandna (Expert) 02 November 2016
Sir,

Stamp duty is to be paid, so far tax in concerned check with the CA for that.

https://kapilchandnaadvocate.wordpress.com/

Warm Regards

Kapil Chandna Advocate

9899011450

adv.bharat @ PUNE (Expert) 02 November 2016
Yes you need to pay it.

don't avoid it.

R.K Nanda (Expert) 02 November 2016
nothing to add more.

kavksatyanarayana (Expert) 02 November 2016
The property being gifted has to be valued by an approved valuer and the Stamp duty and transfer duty @ 4% if the donee is a woman and @ 6% if the donee is a man on the value of the property. Registration fee is 1% of the total value+Rs.100/- and user charges in Delhi.

Adv. Yogen Kakade (Expert) 03 November 2016
Nominal amount of fees is required to be paid to execute a gift deed in blood relation.

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