Before knowing about the gift deed registration charges, you must first know, what is meant by the term “gift deed”. So Gift Deed is a sort of official document that records the act of gifting that has been executed by a donor and a donee. It might be not compulsory to have a gift deed document but is a valid and official documentary record.
Gift deed registration chargesBefore going for registration of a property, you need to pay the stamp duty, the tax that is placed by the government during the transfer of assets or property. In majority states, the charge of Stamp Duty is 5% to &% of the market value of the property and for Registration, the charge is 1%. Hdre is a list of charges that you can look at and have an idea:
| State/UT | Gift Deed Registration Charges |
| Delhi | 6% for men and 4% for women |
| Maharashtra | Rs. 200 Stamp Duty and Rs. 200 Registration charges, for gifting the property to one’s partner, children, grandchildren or wife of a son who has died |
| West Bengal | ● For the transfer to an outsider: 5% of the property’s market value(panchayat areas), and 6% of market value(municipal areas) ● For the transfer to a member from the family: 0.5% of the market value of the property |
| Uttar Pradesh | 2% of the market value of the property |
| Karnataka | ● For the transfer to an outsider: 5% on the market value of the property + surcharge + cess and 1% registration fee ● For the transfer to a member from the family: Rs.1000 + surcharge + cess and fixed registration fee of Rs.500 |
| Andhra Pradesh | Stamp Duty: 2% f the market value of the property Registration Fee: 0.5% of the market value of the property |
| Tamil Nadu | Stamp Duty: 7% of the market value of the property Registration Fee: 1% of the market value of the property |
| Madhya Pradesh | ● For the transfer to an outsider: 5% of the market value of the property ● For the transfer to a member from the family: 2.5% of the market value of the property |
| Telangana | Stamp Duty: 5% of the market value of the property Registration Fee: 0.5% of the market value of the property |
| Rajasthan | Stamp Duty: 6% of the market value of the property Registration Fee: 1% of the market value of the property |
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Hope this answer will help you to know
gift deed registration charges in different places in India.
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How to take Deduction on Gift Deed Registration Charges?
Angshuman
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2 Year
2022-04-11T18:27:38+00:00 2022-04-11T18:27:39+00:00Comment
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