What are stamp duty and registration charges payable on gift deed? Is there any concession in case of gifts to family members?
Though there is no consideration received on gift, it attracts stamp duty and registration charges as applicable to the sale deeds.
However, there is concession in respect of gift to family members (spouse, son, daughter, daughter-in-law and grand children). The maximum stamp duty payable is Rs. 1000/- and additional cess of Rs. 50/- and infrastructure cess of Rs. 20 or Rs. 30. The registration fee is Rs. 500/-.