regarding gift deed

Querist : Anonymous (Querist) 02 April 2011 This query is : Resolved
hi sir,

can any one tell me what can be the costs involved to give gift deed of a property to any one ? my property is located in tier -2 city. and its a house. can you please let me know in detail what are the varioius costs involved etc.

any suggestions to follow at the time of giving gift deeds ?

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A V Vishal (Expert) 03 April 2011
Since you have not stated the city it is difficult to suggest as to what the expenses would be. The stamp duty and registration charges vary from state to state.

R.Ramachandran (Expert) 03 April 2011
You have to come out with your facts (like where is the property situated; what is your family consists of - i.e. your wife, son(s), daughter(s) etc.) and why do you want to 'gift' instead of making a 'will'. After knowing some basic facts, it will be possible to give a more suggestions for you to consider.

M.Sheik Mohammed Ali (Expert) 03 April 2011
yes, i agree

Raj Kumar Makkad (Expert) 03 April 2011
As the querist has sought only cost involved in gift so w should confine only up to that extent.

Dear Queriest! Generally the stamp value of gift remains 1/2 of registered sale-deed so it is better for you to make inquiries from your local registrar office.

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