release deed

Hariharapandian (Querist) 31 July 2017 This query is : Resolved
For execution of the Deed of Release, what is the amount of stamp fees to be paid.

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Kumar Doab (Expert) 31 July 2017
Stamp duty is state subject.
Check at SRO.

Adv. Yogen Kakade (Expert) 01 August 2017
visit the nearest sub registrar's office.

Rajendra K Goyal (Expert) 01 August 2017
Stamp duty differ from state to state, discuss / consult local registrar office / local lawyer.

Keshav Rao N (Expert) 01 August 2017
It depends.Is the release between close family members?The stamp duty will be on the value of property as determined for the smallest share holder.Suppose a property has 4 share holders and one of them wants to release in favour of other three then The stamp duty is payable on 25% value of property.If property is valued at say ,80 Lakhs then for purposes of documentation stamp duty will be on Rs.20 Lakhs.Here also there is a ceiling,that is even if the property is valued in crores the maximum will be restricted to the specified limit say Rs.25000/- or so depending upon which state the property is situated.Of could best option is to engage a lawyer to draft the deed and take his help to get document registered.He will guide you.What is mentioned is my personal experience.

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