Gautam R Hattiangadi 31 December 2022

Gifting my house to nephew

Hi I want to execute Gift deed in favor of my nephew. Flat is located in Mumbai, Dahisar area. Approx value is 75 lakhs. Year of construction is 1987. What will be the stamp duty and other taxes I am required to pay?

Please guide me. Thanks

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Quick Summary

This discussion concerns the process of executing a gift deed to transfer a Mumbai flat valued at approximately 75 lakhs to a nephew. The original poster is seeking guidance on the applicable stamp duty and taxes for this transaction. Advice suggests that stamp duty varies by state and recommends consulting the local Sub-Registrar's office for accurate information and property valuation.

2 Replies

Pradipta Nath (Advocate) 01 January 2023

Stamp fees depends on state to state. I guess after you put all the necessary details on the relevant site, the system will generate a valuation of your flat.