Stamp duty in case of transfer of immovable property in selllement deed

MAYANK CHOUHAN (Querist) 15 February 2017 This query is : Resolved
Dear Sir,

Can i know if immovable property is transfered from Settlor to trust what amount of stamp paper should be purchased??

Also stamp duty is necessary for immovable property & movable property and what is the amount??

(AS PER BOMBAY STAMP ACT)

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Hemant Agarwal (Expert) 17 February 2017
1. Stamp Duty is 5% of the gross rateable value of the "Immovable Property" and is payable even if the property is proposed to be transferred to a Trust (of whatever kind) (owned or not owned) by the Trustee.

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