By 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.