Stamp duty appplicability
Rishhabh Jain
(Querist) 07 June 2016
This query is : Resolved
Dear All,
My Father is having commercial shop in Mumbai.
He want to transfer in my brother name.
Accordingly to new stamp duty exemption - How much stamp duty we have to pay?
Rs. 500/- or 2%
Request your guidance.
kavksatyanarayana
(Expert) 07 June 2016
If it is given as Gift then the stamp duty is @ Rs.2% on the value of the property or market value whichever is higher.
Rajendra K Goyal
(Expert) 08 June 2016
Stamp duty differ from state to state, discuss / consult local registrar office / local lawyer.