Registration Charges 200/- for Gift Deeds in Maharashtra

tax1By Accommodation Times News Services

Maharashtra Govt vide it’s GR dtd.25.04.2015 has already reduced the stamp duty on Gift of RESIDENTIAL property and agricultural land between the blood relatives from 5% or 2% as the case may be to Rs.200/- only.

The blood relatives include spouse, son, daughter, grandchild and daughter in law of a deceased son.

After this GR , even though the Gift deeds to the blood relatives started attracting stamp duty of Rs 200/- only, the Registration fees remained to be 1% of the market value of the immovable property or Rs.30000/- whichever min.as the registration charges i.e Rs.30000/- max for the valuation more than Rs.30lacs.

Maharashtra Govt .vide it’s notification dtd.31st March, 2016, has reduced the registration charges to be max Rs.200/- on the Gift Deeds of immovable property between the blood relatives and the said notification  is shared herewith today.





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