Stamp duty and
Chirag Doshi
(Querist) 09 January 2012
This query is : Resolved
One brother gifting open NA part land to another brother. What will be stamp duty? Can it be called assigning the right?
What will be the registation charges?
prabhakar singh
(Expert) 09 January 2012
Stamp duty is subject of state laws and varies from state to state.Visit sub registrar office concerned for charges.
If both are co owner a relinquishment deed by one in other favor shall do,else a gift deed would be required.
Deepak Nair
(Expert) 09 January 2012
Is the land owned by both the brothers?
If it is so, then the share of one brother can be trnasfered to other through release deed or relinquishment deed, where you don't need to pay stamp duty.
If the land is owned by one brother only, then that brother shall execute a gift deed in favour of the other.
Stamp duty varies from state to state and location to location, which you can find out by valuation through proper channel.
Sankaranarayanan
(Expert) 09 January 2012
Yes u follow mr prahakr and nair's advise
Sailesh Kumar Shah
(Expert) 09 January 2012
I have similar opinion as above both ld. experts.
ajay sethi
(Expert) 09 January 2012
where are you located ? then only can we state amount of stamp duty applicable
Sushil Sharma
(Expert) 09 January 2012
agreed with views of experts
Devajyoti Barman
(Expert) 09 January 2012
In WB it is.5% and it is called gift , not assignment.
RAJU O.F.,
(Expert) 11 January 2012
If the property is jointly owned by the brothers one can execute a release deed in favour of the other at lesser stamp duty.
Rajeev Kumar
(Expert) 11 January 2012
I agree with experts opinion
