Whether stamp duty & registration charges be paid where the property is trf. as a Gift given

Rahul (Querist) 24 May 2008 This query is : Resolved
Hello expert,

Wanted to know whether the stamp duty & registration charges be paid where the property owned by the parents is tranferred as a Gift given to the son by his parents???

If yes then how much are the charges paid for the same & what formalities are to be complied with??

Eagerly waiting for the reply

RAHUL

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parikshit rajvaidya (Expert) 24 May 2008
Yes it will attract duty depending upon the state in which the property is as well as it should also be registered with the registrar of properties.

Rahul (Querist) 24 May 2008
If it trf without any consideration then any concessional rates apply or not????

Manish Singh (Expert) 24 May 2008
Gift deeds are mandatorily registrable and you need to pay stamp duty on it while getting it registered.

Rahul (Querist) 26 May 2008
How much I have tp pay the stamp duty for that???

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