Stamp duty and charges

Q: We have bought house in 1996 in 5 lacs but at that time we have not transfer it.Now the current value is 60 lacs
Now we want to trf it in Oct 2016 to my mother's name and if we do 20 lacs dastavej then how much total charges/spends will be applied??
And also any other property gain tax will be applied to seller????
Please guide us

Arth Buch,

5th September 2016

Property Tax in Gandhinagar

stamp duty

registration charges

stamp duty and registration charges in gujarat

property transfer charges in gujarat

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Gandhinagar Property Tax Property Tax in Gandhinagar

Replies (2)

@Arth,
Yes, the property can be transferred to the mother and you can get a rebate on it. Stamp duty is charged at 4.9% and registration fees is 1% of the market price of the property or the transaction value, whichever is higher. But there is a exemption for the women property owners from the registration fees. From now onward, there is a hike in property tas as buyers have to pay Krishi Kalyan Cess-0.2% and Swacha Bharat tax-0.2% which is effective from June 1st.

Sanchita Chanda, Ahmedabad

6th September 2016

Comment

Hi Arth!!
I request you to check with local sub registrar office for exact amount. They will tell you the exact amount as well as the documents required for it.

Devesh Kumar, Ahmedabad

6th September 2016

Comment

As far as property transfer is concerned, 1) For transfers other than in (b) in urban area :- 8% + 25% of duty = 10% on market value of Property

2) For transfer relating to premises in Co-operative Society registered or deemed to have been registered under Gujarat Co-operative Society Act, 1961, by such society in favor of its member or by such member in favour of another member or for transfer of premises relating to Board Constituted under Gujarat Housing Board Act, 1961, or Gujarat House Board Act, 1972 or to which provisions of Gujarat Ownership Flats Act, 1973 apply :- 6 % + 25% of duty = 7.5% on market value of property.

Vikash V, Ahmedabad

6th September 2016