stamp duty

BHARTI KOTHARI (Querist) 09 November 2015 This query is : Resolved
Hello expert I am in trouble please guide me. There is settlement between we brothers I.e family settlement of our parents property do it is require to be stamped, and whether the stamp duty on market value or nominal. Secondly weather registration is compulsory. Secondary other brother also executed release deed of flat in housing society in my favour. Do it attract stamp duty and registration. Pls guide me.

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Sri Vijayan.A (Expert) 09 November 2015
Family arrangement or settlement or partition deed has to be registered.

The stamp duty and registration fee shall have concession.

Consult your local lawyer

Rajendra K Goyal (Expert) 09 November 2015
The documents need registration, Stamp duty differ state to state.

Kumar Doab (Expert) 09 November 2015
Agreed with experts.

Register at prevailing rates for your own benefit.

Check with SRO.

ADV-JEEVAN PATIL, MUMBAI (Expert) 11 November 2015
1)Bothe deeds have to be regd.
2) Normally 5% stamp duty n 1% regn depending from state to state

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