Gift deed in blood relation law in mumbai
How much amount is required for gift deed in blood relation in mumbai ? Gift deed is revocable?
Hello sir,
Maharashtra gift and stamp duty is 3% of property value under section 34 of Maharashtra's Stamp Act. However, if the property in question is a residential or farm property and was gifted (without payment) to a family member, the Maharashtra stamp duty on consanguineous gift deed is Rs 200.
According to Section 34 of the Maharashtra Stamp Act, as amended in 2017, 3% of the property value is levied as stamp duty on gift deeds. However, if the property under consideration is a residential or farm property and has been gifted (without payment) to a family member, the applicable stamp duty is Rs 200.
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