Jointly owned property consisting of 3 flats (one flat on each floor) is divided among all siblings by means of a family settlement whereby each sibling will own one flat on a floor and will not have any right to flats on other floors.The arrangement has been documented in a family settlement deed on stamp paper of Rs 100 and signed by all.
This document is required to be registered in Delhi. Please advise what are the charges to be paid either as stamp duty or registration charges. I feel that family settlement is not transfer of property and so there should not be any stamp duty and only charges should be for registering a document, which will be nominal. Am I right?
