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