Ask Mint | Stamp duty applies on gifted propertyByHarsh Roongta, CEO, ApnaPaisa.com
Since the value of the property is Rs. 30 lakhs, your uncles may have to pay Income Tax on the Stamp Duty value of the property that is being gifted away. Please note this point also. kavksatyanarayana (Expert) 07 September 2020 Whether the house with the site (land) is the self-...
These include the value of the property being gifted, the location of the property, and the applicable stamp duty rates. In addition, there may be other miscellaneous charges levied by the Registrar of Deeds. The value of the property being gifted is one of the most important factors in ...
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Property gifted to family will attract stamp duty of 2%Shabnum Kajiji
You may examine the documentation and applicability of stamp duty.Parizad Sirwalla