settlement deed

kavitha (Querist) 06 May 2008 This query is : Resolved
can somebody explain me what is the difference between the settlement deed and the gift deed. should settlement deed entered only between the family members. what is the stamp duty for settlement deed and gift deed in Tamil Nadu

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Manish Singh (Expert) 07 May 2008
Both are very much different since they both have their own implications.Settlement is done when there is any dispute. but you gift any property when are giving away the ownership right absolutely without any consideration( money or other kind)

its not so that settlement deed can be entered into between the family members only, it can be entered into between any parties to a dispute.
For proper stamp duty you should beeter ask the department which would be provided free of cost.
this is the web address: www.tnreginet.net