Gift deed

Rajeswari Melville (Querist) 06 May 2012 This query is : Resolved
I have a self acquired flat in Thane, Mumbai and I want to transfer the flat to my spouse who is not a joint owner of the property. Please let me know the procedure. Can I make a gift deed and transfer the property. If yes what are the registration and stamp duty charges that I would have to pay.

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ajay sethi (Expert) 06 May 2012
you can execute gift deed in favour of your wife . stamp duty charges would depend upon market value of property as per ready reckoner rates in your area . it is around 2%. registartion charges are around rs 30,000

R.K Nanda (Expert) 06 May 2012
Nothing to add,

V R SHROFF (Expert) 06 May 2012
sd depends on Govt Mkt value based on area + 1% Registration charge. No transfer fee or Premium, transfer is Free. in co-op Society.

Shonee Kapoor (Expert) 07 May 2012
Nothing left to be added.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

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