No Stamp Duty required for registration of Gift Deed between blood relatives

By Accommodation Times News Services

stamp duty and registerationFew days before Maharashtra government had decided to waive stamp duty on transfer of immovable property by the owner to an heir or a family member. The decision was announced by Revenue Minister Eknath Khadse in the Legislative Assembly. Khadse also added that all such transactions would have to be compulsorily registered with the government.

In the norms prevalent a 2% duty on the property’s market value (ready reckoner rate) was payable in cases where the property was being gifted to a family member, under the Maharashtra Stamp Act. In cases where the transfer of property does not qualify as ancestral property, the stamp duty payable was 5%. This is along with a stamp duty of Rs.200 on a release deed with respect to an ancestral property.
Government has issued the notification regarding the amendment in the Maharashtra Stamp Act Amendment bill 20/2015, on 24th April, 2015, as per the notification the waive stamp duty on transfer of immovable property by the owner to an heir or a family member, will be applicable w.e.f. 24th April, 2015.
Find the copy of Notification from below link:




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335 thoughts on “No Stamp Duty required for registration of Gift Deed between blood relatives

      1. My wife,her sister & husband of third (deseased) sister are holding 1/3rd share each, of the Flat.out of which wife’s sister & husband of third (deceased) sister willing to release their 1/3rd share in the favour of my wife(I.e.3rd share holder of the flat) & her husband I.e.Me.What will be the rate of stamp duty & registration charges?

  1. Can a person release property to his brother’s wife (widow) or brother’s son without stamp duty & vice versa. If yes please give details regarding ordinance or amendments

  2. Can a person release property to his brother’s wife (widow) or brother’s son without stamp duty & vice versa. If yes please give details regarding ordinance or amendments

    Thanks in anticipation for your help

  3. I want to gift flat in thane to my father and unmarried sister. I am married and the flat is in name of myself and my husband. How much stamp duty is applicable? As heard the announcement about stamp duty wave off in blood relation is still not converted to law. Is that true ?

  4. I have flat in Badlapur but it is on my Brother name because of some critical condition that time. now i want to take the same in my name under Gift deed. my brother has now issue in the same. is there any stamp duty charge? your suggestion is required urgently in the same.
    It’s Request.

  5. Property is in Aligarh UP and in the name of my mother, recently expired. She made registered will deed about 10 years back. As per the registered will deed property is gifted to me. I have two brothers. I would like to know process of registration and approx. cost. Kindly suggest and guide me in this regard.

    Regards

  6. my father has gifted me residence property by gift deed,i have notoroised the documents and submitted to society ,they are notadding my name to the share certificate as i have not paid registeration charges also i will have to pay lbt which can be paid in 4 years. what should i do

  7. A daughter or a sister remains your daughter or sister – how does it change them to suddenly not being your blood relation if they get married???!!!
    What kind of law is that? where can we seek clarification? My father would like to gift me his property and Im the only child, daughter and married. How does that change my relation with my father? Please advise! Thanks.

  8. Dear sir
    my brother holds a flat in Mumbai. If he transfers (by gift deed) the flat to me ( his sister) do i have to pay stamp duty. (As The Govt. of Maharashtra has waived stamp duty on transfer of immovable property by the owner to an heir or a family member)

  9. My Wife is sick and she wants to gift her flat to Son at earliest and get the Maharashtra Govt. Registration for him. What all papers are needed for the Registration ?How much of Fees/Payments will be required to Pay.Is any Lawyer necessary to do the job ?Can Registration be done from any where in India

  10. Dear Admin,

    In agreement wife is borrower & husband is co-borrower.
    & wife want to gift this flat to her husband as borrower, will it attract any stamp duty?

    Property under bank loan.

  11. Me and my father purchased adjunct flats from builder and got then adjoined as single flat, the modified plan also got approved by municipal corporation. Now it is single flat with two agreements in my and father’s name. In such case are we supposed to pay two different maintenance to society? Can he gift me and I be the sole owner and then will I have to pay single maintenance? Please guide.

  12. Hello Admin,

    I want to transfer ownership of my flat in Pune to my real brother.
    Can you tell me what I would need to do ?
    How much money(stamp duty, registration, etc.) I need to pay ?

    Thanks,
    Sameer

  13. Me & My Brother has the owner of the Individual House in chennai, I wants to have the Sole owner of the Property, Suggest a best solution for that, since there is no Cost Transactions involved in this.

  14. Dear admin , I wanted to knw my father wants to gift me his immovable property n I’m married wheather any stamp duty or any kind of charges will applicable ..

  15. My father is alive and he has given me surrender letter of his small house which is 180 square foot as a gift. Now I have to do registration but my landlord is asking very huge amount from me and not helping in giving any documents as municipal revised bill.how should I do registration and what charges I have to give for registration.
    Pls help

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