NO STAMP DUTY IS PAYABLE ON GIFT DEED WITH RESPECT TO RESIDENTIAL AND AGRICULTURAL LAND TO KEEN RELATIVE
Amendment in Maharashtra Stamp Act is as follows:
(18) in Article 34, in column 2, after the existing proviso, the following proviso shall be added, namely:- “Provided further that, if the residential and agricultural property is gifted to husband, wife, son, daughter, grandson, grand-daughter, wife of deceased son, the amount of duty chargeable shall be rupees two hundred.”;
Registration charges will be 1 % of the market value of the property subject to maximum of 30,000/-
Capital gain tax may by applicable as per provision of Income Tax.
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Amendment in Maharashtra Stamp Act is as follows:
(18) in Article 34, in column 2, after the existing proviso, the following proviso shall be added, namely:- “Provided further that, if the residential and agricultural property is gifted to husband, wife, son, daughter, grandson, grand-daughter, wife of deceased son, the amount of duty chargeable shall be rupees two hundred.”;
Registration charges will be 1 % of the market value of the property subject to maximum of 30,000/-
Capital gain tax may by applicable as per provision of Income Tax.
Click to download the notification