Stamp duty of gift deed from parents

jaideep (Querist) 06 October 2021 This query is : Resolved
Dear Sir my mother wants to gift me residential flat of 571 sqft what should be the stamp duty and it is necessary to get it registered

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When receiving a residential flat as a gift from your parents, registering the gift deed with the Sub-Registrar is mandatory. The stamp duty payable varies significantly depending on the Indian state, with some states charging a fixed nominal fee (like Rs. 5,000 in Karnataka or Rs. 200 in Maharashtra) while others may charge a percentage of the property's value. It's advisable to confirm the exact stamp duty and registration requirements with your local Sub-Registrar's office or a legal professional.

Advocate Bhartesh goyal (Expert) 06 October 2021
It is mandatory to get registered Gift Deed before Sub Registrar office.Stamp duty varies from State to State so get enquire in Sub Registrar office or from local lawyer.

KISHAN DUTT KALASKAR (Expert) 06 October 2021
Dear Sir,
In Karnataka it is only Rs.5,000/- which is fixed stamp duty and it varies from State to State.

SHIRISH PAWAR, 7738990900 (Expert) 06 October 2021
Hello,

In Maharashtra, stamp duty will be Rs. 200/- for your transaction. A gift deed has to be registered.

kavksatyanarayana (Expert) 06 October 2021
The Stamp duty for a Gift deed is reduced in most states of India if the gift is given to the family members such as Father, Mother, Son, Daughter, brother, sister, etc. The stamp duty varies from one State to another State. It is 1% on the value in some states and only Rs.200/- in Maharashtra etc. and Rs.500/- like that. So consult in local Sub Registrar Office.

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