sharad sathe (consultant) 31 August 2015
I stay in Maharashtra. and own property. I wish to divide the same in between wife, two sons and myself., equal share each. Is any stamp duty to be paid for registering Partition Deed? I understand that recently Mah. govt. has decided not to charge the same, when division is between blood relations. Is the law passed to this effect. Pl. advice.
T. Kalaiselvan, Advocate (Advocate) 05 September 2015
Immovable property — land, house or flat — can now be transferred to one's children or blood relatives without paying stamp duty for registration.
This will come as a major relief as families won't have to pay a 5% of the ready reckoner rate of the property as stamp duty. Making the announcement, revenue minister Eknath Khadse said an affidavit on a Rs 100 stamp paper would suffice. He later changed it to Rs 500 as the government no longer deals in Rs 100 stamp paper for property matters.
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