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Tanvi   26 January 2022

Stamp duty payable on flat transferred through gift deed

If Brother transfers his owned flat in the name of sister through Gift Deed, then
1. Whether stamp duty is applicable
2. If yes, how much
3.whether sister (donee) will have to pay Wealth tax ?
4.whether sister can sell such flat whenever she wants, I.e. even immediately after she becomes the registered owner or is there “lock-in “period for sale of property acquired through Gift Deed?
5. When such property is subject to application of Wealth Tax?


 3 Replies

Dr J C Vashista (Lawyer)     27 January 2022

Stamp duty is a State subject which differs from a State to another.

In Delhi stamp duty for gift deed is same as Conveyance Deed.

Findout from local sub-registrar / lawyer.

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     27 January 2022

The rate is flexible state wife. The stamp duty and registration fee on gift deed of immovable property is a stamp duty of 5% on the market value of the property + surcharge + cess and 1% registration fee.

P. Venu (Advocate)     27 January 2022

Why 'If' - is this not a real issue?

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