Stamp duty on family settlement deed in Delhi is governed by the Indian Stamp Act, 1899 and the Delhi Stamp (Amendment) Act, 2001. A family settlement deed is a legal document used to resolve property disputes within a family and distribute assets among family members. This deed is typically executed to avoid litigation and maintain family harmony.
What is the Stamp Duty on Family Settlement Deed in Delhi?
As per the current stamp duty provisions in Delhi, the stamp duty on a family settlement deed is Rs. 200, if the deed is executed without any transfer of property ownership (i.e., for settling rights among family members without conveying property or assets).
For a family settlement deed involving transfer of immovable property, the stamp duty is generally 4% of the market value of the property in case of transactions between family members, subject to the minimum threshold specified by the Delhi government.
It is recommended to consult with a legal professional or visit the local sub-registrar office for precise calculations based on the nature of the family settlement.
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What is Stamp Duty on Family Settlement Deed in Delhi?
Krishna
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2024-11-29T13:48:02+00:00 2024-12-02T00:55:40+00:00Comment
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