Скачать или смотреть Stamp Duty on Gift Deed of a Property!

Stamp Duty & Surcharge payable on a Gift Deeds of an immovable property is a local subject and varies from State to State. This is applicable for Mumbai city and Mumbai Suburban.

1. Gift Deed of ‘residential & agricultural’ property gifted to husband, wife, son, daughter, grandchildren : ₹200 stamp duty+ 1% surcharge of the market value to be gifted.
2. Gift Deed of ‘other than residential & agricultural’ property gifted to husband, wife, son, daughter, grandchildren : 4% (i.e. 3% stamp duty + 1% surcharge) of the market value to be gifted.
3. Gift Deed of a any property gifted to a family member who is lineal (eg: brother to sister & sister to brother; children to parents & grandchildren to grandparents) descendant or ascendant of the donor apart from the points 1&2 above : 4% (i.e. 3% stamp duty + 1% surcharge) of the market value to be gifted.
4. Gift Deed of a property gifted to a third party and those not mentioned in point 1-3 (eg: cousins and non-blood relatives) above : 6% (i.e. 5% stamp duty + 1% surcharge) of the market value to be gifted.

Please note that this is from the actual government notification. Don’t refer google or other websites online in regards with this information, as most websites have given wrong & misleading percentages online! 🤦🏻‍♂️

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