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Gautam   19 June 2025

Stamp duty on relinquishment deed in mumbai

My daughter who co-owns a property in Navi Mumbai with me wants to transfer her share to me without any consideration. Which option is better - Gift Deed or Relinquishment / Release Deed? What is the applicable stamp duty in case of Gift and Relinquishment respectively? I am getting contradictory advice.


 4 Replies

T. Kalaiselvan, Advocate (Advocate)     20 June 2025

She is a co-owner and not a co-sharer hence she cannot transfer her share in the property by executing a release deed, instead she can either transfer it by executing a registered gift deed or a registered sale deed. In Mumbai, the stamp duty for a daughter transferring her share of a property to her father through a gift deed is Rs 200, if the property is residential or agriculturalThis is a reduced rate applicable to property transfers within the family. The standard stamp duty for gift deeds in Maharashtra is 3% of the property's value, but a lower rate of Rs 200 is applicable for family members. 

Dr. J C Vashista (Advocate )     20 June 2025

Gift deed is the only option for your daughter to transfer her share to you.

Stamp duty is a state subject, consult local sub-registrar / area document writer or lawyer.

R.K Nanda (Advocate)     20 June 2025

Gift deed is best option for her.stamp duty is nominal. 

Goutam Chatterjee (Retired)     18 July 2025

I have gone through the above replies. I have consulted a local lawyer (the property is a flat under Panvel Municaplity, Navi Mumbai). According to him, we have to pay 4% stamp duty (plus, 1% as registration charges) for registration of the gift deed. Does a flat fall under the definition of resdiential property for the purpose of concessional stamp duty?


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