What is the value of stamp paper for gift deed?
I have purchase residence as well as commercial property, I wish to gifted the said property to my wife how much stamp duty in Maharashtra.
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Advocate By LEAD INDIA
Answered: 13 Sep 2023
For a residential property, the stamp duty is 5% of the market value of the property. For a commercial property, the stamp duty is 6% of the market value of the property. However, there is a concession for gifting a property to your wife. The concession is that the stamp duty is only 1% of the market value of the property. Contact us for further enquiry.
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