Stamp duty on relinquishment deed in mumbai

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 agricultural. This 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. 

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.

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