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Milind (Engineer)     31 January 2015

Gift deed - stamp duty and registration


My mother is gifting me (thru gift deed)

1 jewellery (worth 7 lakhs) 

2. Share in Demat form valued above 10Lakhs

My query:

- Will she need to pay stamp duty for both 1 and 2 and if so what will be the rate if  in maharashtra

- Also should both the gift deeds be registered ?




 3 Replies

Dr J C Vashista (Advocate)     01 February 2015

Yes both are to be registered. Consult and engage a local lawyer.

T. Kalaiselvan, Advocate (Advocate)     02 February 2015

The gift deed executed should be registered as far as the conveyance/transfer of the immovable  properties are concerned, it may not be so for the jewels or cash or share certificates.

jack (nothing)     05 February 2015

Well said Kalaiselvan sir.

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