I want to gift my flat in Koper Khairne to my wife how much it atract stampduty
Q: detail of property Flat NO. 102, 1st. Floor, admeasuring about 67.28 sq.meters(Built up) in the building known as SAI SARAN, On Plot No.103&104,Sector 12E, Koper Khairne, New Mumbai-
Earlier it was 2% 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 doesn't qualify as ancestral property, the stamp duty payable was 5%.
Hi, No Stamp Duty required for registration of Gift Deed between blood relatives as per the Maharashtra Government's announcement and applicable since 24th April, 2015.
Yes, it is right. In april, 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 and all such transaction have to be compulsorily registered with the government.