Cut Amount Deed For Free

Registration of Gift Deed Any gift of immovable property can't divest any title in the donee unless and until the gift is duly registered. A gift deed needs to be registered in a manner prescribed by the Registration Act of 1908. The gift property is evaluated by an approved valuer for the purposes of registration.

Gifting of a house property in India has certain income tax and stamp duty implications. Stamp duty on gift deeds in India varies from state to state. The duty can range between 2% and 7% of the property value.

June 26, 2023: In an announcement on June 20, 2023, through government resolution (GR), the state government of Maharashtra has decided to give a one-time 50% rebate on Stamp duty. The scheme applies only to developers of Integrated Township projects.

The Maharashtra state government in a government resolution passed on June 20, 2023 announced a 50% stamp duty concession for integrated township projects. This is a one time benefit that can be availed either duing purchase of the land by the developer or during sale of the units.

July 5, 2023: The Maharashtra State Government has announced a 50% stamp duty concession for developers of integrated township projects in Thane, Navi Mumbai, and Pune. This move aims to fuel the development of self-sustaining urban ecosystems in the peripheral areas of these cities.

However, as per the recent reports, in 2023 the stamp rates remain the same as 2022. Hence, ingly the current stamp rate in Maharashtra ranges between 6% and 7% depending on the cities. A taxpayer must submit a registration sale deed to substantiate that a property is registered in a woman's name.

Stamp Duty and Registration Charges in Pune in 2023 Stamp Duty and Registration Charges in PuneCategoryStamp Duty ChargesMale7 Percent (Stamp Duty 5%+ Metro Cess 1 %+ Local Body Tax 1%)Female6 Percent (Stamp Duty 4%+ Metro Cess 1 %+ Local Body Tax 1%)Joint (Male+Female)6.5 Percent