What is the stamp duty for gift deed in Lucknow, 2024?
In case of a Gift Deed of a House by Mother to her Daughter in Lucknow, Uttar Pradesh, what is stamp duty in Nov 2024, is it 1% of property value? Or Only 5000 Rs ?
As of current regulations in Uttar Pradesh, immediate family gift deeds (such as mother to daughter transfers) attract a flat stamp duty of Rs. 5,000 for properties within municipal boundaries, instead of a percentage-based calculation. To ensure compliance with the latest stamp duty rates, it's recommended to confirm these details with the Lucknow Sub-Registrar's office or a qualified property lawyer.
For gift deeds executed in Uttar Pradesh between immediate family members (including mother to daughter), as per current rates, the stamp duty is Rs. 5,000 flat (rather than percentage-based), provided the property is within municipal limits. However, since this information extends beyond my April 2024 knowledge cutoff date, you should verify the current rates with the local Sub-Registrar's office or a property lawyer in Lucknow to ensure accuracy.
Sir, the Indian Stamp (Uttar Pradesh Amendment) Bill 2024 includes a provision that allows property transfers between blood relatives to be completed by paying a stamp duty of Rs 5,000. For further legal assistance contact us on our helpline number.
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