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I want to gift some self acquired buildings to my daughter. Is there any rebate on the stamp duty payable and registration charges?

- by Sunil, Raichur

Government of Karnataka has extended concessions on stamp duty payable on gift deeds to the family members.  It is Rs.1000/- + additional cess of Rs.50/-. In case the property is in the areas of city municipality or corporations an additional levy of Rs.1000/- is collected i.e., in all Rs.2,050/-. In addition to the stamp duty Rs.500/- is collected for registration. In relation to the donor, family means husband, wife, son, daughter, daughter-in-law and grand children.

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These are all the legal questions answered by Advocate S.Selvakumar in various magazines, in various occasion including realestate reporter monthly.