Stamp Duty on Gift

Querist : Anonymous (Querist) 02 August 2010 This query is : Resolved
My father purchased a flat in Mumbai in 2007 jointly in his and my mothers name. My father passed away and hence his name is now deleted. My mother wants to add my name. What are the options available to us and what duty is payable? I have a elder brother who has renounced his share.Pls assist.

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S. Bharath (Expert) 02 August 2010
Your mother has to either release or settle undivided 1/6th share in the property so that you and your mother will be left with equal shares. Please mention your State so that learned members can tell you the cost.