Real Estate Forum on Gift Deed

Latest Answer: Dear Sir/Mam Thanks for the reply. I already explored the punjab revenue website and also consulted some experts and also want to put forward this crucial knowledge in front of you that their is no stamp duty in the case aforementioned above. Kindly refer to the notification S.O. 20/C.A.211899/S.9/2007, dated the 27th April, 2007.

Latest Answer: Hi, Check the Title of the flat is clear or not. You don't need to pay Service Tax and VAT. Builders charge because it is thier regular course of business of building and selling so they charge Taxes. (but not of that Lady) Registration charges should be paid by you. After Registration is over. check the doucments online on Registration website showing details of Flat and Sale Deed Number. Is in your name and details of the flat are updated on the website. (Encumbrance Certificate EC is record of registered documents over a property check on website of Registration and Stamps Department).

Latest Answer: 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%.

Latest Answer: For the execution of the gift deed you will have to pay the stamp duty and registration charges.

Latest Answer: Hey Everybody, recently I have read an article in Commonfloor website about Gift deed. I am sharing the link with you guys. Click here to read the article Only Registered Gift Deed of Property Is Valid

Latest Answer: My Dad is having a plot and he want to give it to my brother. Which is better: A will or a gift deed?

Latest Answer: I own a flat at Kolkata. Wish to transfer it on my son's name through a transfer deed. What is the best way to do or is there any other method. If so tax and other legal implications?