Stamp duty issue

rashmi (Querist) 24 December 2013 This query is : Resolved
Husband and wife was joint holder of the property.in 2009 husband gifted his share by registered gift deed to his wife and son. Now son wants to release his right to his mother only.so question on what document stamp duty will be less.
what should be the nature of agreement. release deed gift deed or any other and what is the stamp duty.

Follow Query

Report Abuse

Guest (Expert) 24 December 2013
A settlement deed would save you from stamp duty and other expenses.There is only a standard fees for settlement deed irrespective of value of property.Confirm with your Registrar Office.

V R SHROFF (Expert) 24 December 2013
FAMILY SETTLEMENT

OR RELEASED DEED BY SON IN FVR OF MOM

ajay sethi (Expert) 24 December 2013
deed of relinquishment attracts nominal stamp duty if made in favour of close family relative . it should suffice

rashmi (Querist) 24 December 2013
but in deed of relinquishment I think 5% stamp duty.
I want to save money.

Rajendra K Goyal (Expert) 24 December 2013
In Haryana CHARGES ARE AS UNDER:
Gift Deed - 3% (in rural areas) &
5% (in urban areas)
Settlement Deed, Partition Deed etc. 1.5%

Find out for your State from Registrar Office.