Yes a gift deed is legal in nature. The provisions of the gift deed id governed by the registration act, 1908. Apart from this, the provisions of the transfer of property act would govern the gift deed. Is there any form of transfer of ownership in a gift deed? Yes in a gift deed...
Just like most deeds related to exchange of property, gift deed registration charge is also applicable, to make this instrument legally binding. While some states charge 1% of the property cost as gift deed registration charges, other charge a standard fee. See also: Property registration online...
In case of any other gift, Telangana stamp duty rate is 4%, transfer duty is 1.5%, and the Gift Deed Registration Charges In Telangana is 0.5% (min is Rs 1000 and max is Rs 10000) of the higher of market value or consideration of the property.1Leave a reply Your are not logged ...
I need to know the stamp duty and registration charges for the gift deed of our residential house which is owned by my mother and she is willing to gift me ( Her Son). I am resident of Nagpur, Maharashtra.
Ask Mint Money | If you execute gift, release or sale deed, pay stamp duty, registrationBy Shabnum Kajiji
(2) tick the chosen anniversary) Annually (1) the date of the deed, or OR (2) the 1st 2nd 3rd 4th 5th anniversary of the deed and such repayments shall be paid until the earlier of the exhaustion of the Trust Fund or the death of the Settlor (or where there are two Settlors, ...