Stamp duty in case of transfer of immovable property in selllement deed
MAYANK CHOUHAN
(Querist) 15 February 2017
This query is : Resolved
Dear Sir,
Can i know if immovable property is transfered from Settlor to trust what amount of stamp paper should be purchased??
Also stamp duty is necessary for immovable property & movable property and what is the amount??
(AS PER BOMBAY STAMP ACT)
Hemant Agarwal
(Expert) 17 February 2017
1. Stamp Duty is 5% of the gross rateable value of the "Immovable Property" and is payable even if the property is proposed to be transferred to a Trust (of whatever kind) (owned or not owned) by the Trustee.
Keep Smiling .... Hemant Agarwal
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Kumar Doab
(Expert) 17 February 2017
Agreed with Mr. Hemant Agarwal.
Rajendra K Goyal
(Expert) 17 February 2017
Stamp duty / fee differ from state to state, discuss / consult local registrar office / local lawyer.