transfer deed or gift deed

simran (Querist) 08 September 2009 This query is : Resolved
Please let me know whta is the expense involved in transfer deed / gift deed.
Also I got information from a lawyer that if I make a case to court I will get exemption on the expense.
Please tell me whether this is correct or wrong.
riven

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Raj Kumar Makkad (Expert) 08 September 2009
The stamp duty payable in each State is different. Plz tell to which state you belong. Better you contact to your local Deed-writer, who generally sit near the Registration Office, who have the list of latest rates of value of transfer deed/gift deed leviable containing various facts. If you file a civil collusive suit, definitely the aforesaid expenses can be saved but it takes a lot of time. The opinion given is correct.riven

PALNITKAR V.V. (Expert) 08 September 2009
I think it is not safe to go for a collusive decree. The safest, proper and legal way is to pay the stamp duty and get the document registered. The stamp duty and other expenses vary from state to state.riven

Adinath@Avinash Patil (Expert) 08 September 2009
Stap duty for transfer deed and gift deed are same on market value.If you file civi suit & unfortunatly said suit become conteste it will take long time hence it it is better to execute register transfer deed or gift deed.
The opinion given by your advocate is right.riven

Bhumik Dave (Expert) 08 September 2009
Adinathji is correctriven

simran (Querist) 09 September 2009
thanks all.
i stay in maharashtra, pune.
let me know the expense involved.
will the bank object for gift deed over transfer deed.riven

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