In Tamil Nadu, the family settlement deed stamp duty in Tamilnadu is primarily determined by whether the deed involves the transfer of immovable property or not. If the settlement deed transfers immovable property, such as land or a house, the stamp duty is based on the market value of the property being transferred.
What is Stamp Duty for Settlement Deed in Tamilnadu?
The standard stamp duty rate is 7% of the market value of the property in urban areas. In rural areas, the stamp duty is usually 4% of the market value.
Settlement as a Gift Between Family Members: If the settlement deed involves a gift of property between family members (such as parents transferring property to children), the stamp duty is reduced to 2% of the market value of the property.
No Property Transfer: If the settlement deed does not involve the transfer of any property (e.g., a family arrangement or a deed of partition without property transfer), the stamp duty is usually Rs. 200.
Additionally, registration fees are also applicable, typically around 1% of the market value of the property, subject to a cap.
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What is the Stamp Duty for Settlement Deed in Tamilnadu?
Piyush
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2024-11-29T13:46:42+00:00 2024-12-02T00:55:02+00:00Comment
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