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Question regarding the Succession certificate and will

(Querist) 28 April 2010 This query is : Resolved 
Hi,

I am Vinit here. I have some question/doubt regarding the Succession certificate and Will.

1. I have heard that after getting succession certificate (or during the process of getting it), we have to pay the court fee/stamp duty based on the property/asset price. Can someone give me clarity how much it is in Maharashtra state for physical asset? How much is the stamp duty which needs to be paid to get the assets transferred on heirs name?
2. If a person dies after making a will (So no need of getting succession certificate). I want to know Does his heirs has to pay such court fee / Stamp duty to transfer the assets?

Thanks
Raj Kumar Makkad (Expert) 28 April 2010
1. 3% of the book value.

2. No.


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