The registration charges for gift deed in India can vary based on several factors, including the value of the property being gifted, the state or union territory where the property is located, and any additional charges that may apply. Here’s a breakdown of the typical costs involved.
What are the Registration Fees for Gift Deed?
Stamp Duty
Varies by State: The stamp duty for registering a gift deed varies from state to state. Typically, it ranges from 1% to 7% of the market value of the property being gifted. In some states, there may be a concession for gifts made to close relatives.
Market Value Consideration: The stamp duty is usually calculated based on the market value of the property as determined by the local authorities.
Registration Fee
Fixed Fee: In addition to stamp duty, there is a registration fee that can also vary by state. This fee is generally a fixed percentage of the property value, often around 1% of the property value, but it can differ based on local regulations.
Minimum and Maximum Limits: Some states may have minimum and maximum limits for the registration fee.
Additional Charges
Legal Fees: If you hire a lawyer or a legal expert to draft the gift deed or assist with the registration process, you may incur legal fees.
Miscellaneous Costs: There may be other incidental expenses, such as:
Charges for document verification.
Costs for obtaining necessary documents like no objection certificates (NOCs), if applicable.
Fees for obtaining copies of the registered gift deed.
This is all about gift deed registration fees. Hope this helps!
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Related Questions
The gift deed registration fees vary based on the state where the transfer occurs. Here are some general guidelines:
Stamp Duty:
Stamp duty rates for gift deeds range from 2% to 7% of the property value.
Some states waive stamp duty when the gift is given to blood relatives.
Registration Charges for Gift Deed:
The registration fee for a gift deed is typically 1% of the total gift value.
For instance, if the property’s value is Rs 5,00,000, the registration fee would be Rs 5,000.
To register a gift deed, you’ll need the following documents:
Original gift deed.
ID proof (such as Aadhaar Card or Driving License) for both the donor and donee.
PAN card of the donor and donee.
Document (like a sale deed or title deed) to prove the ownership of the donor.
Passport-size photograph.
ID proof of the witnesses.
I hope you get an idea of the registration fees for gift deed.
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What are the charges for gift deed registration for family members with relevant GO NO?
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I recently got the gift deed registered, so I know how much does gift deed cost. As per the Maharashtra Stamp Act (Article 34), which was amended in 2017, gift deed stamp duty is 3 percent of the value of the property. However, if the concerned property is an agricultural or residential property and is gifted to family members without any payment, then, the gift deed stamp duty is Rs. 200.
Read more:
What is gift deed of immovable property?
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What is the cost to register a gift deed?
Bruno Mendes
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2022-01-29T14:51:27+00:00 2024-07-02T08:59:33+00:00Comment
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