i'm a member of co op hsg society in Mumbai.& want to transfer my rites etc to my son .I applied to society but they told me to produce receipt of STAMP DUTY paid .
As I understand there is NO STAMP DUTY to be paid for transfer within blood relation in case of co op hsg society. Is it correct ? pl guide with ref.
Asked on 8/04/13, 10:34 am
1 Answer from Attorneys
Jayesh Desai
Jayesh Desai
You need to execute a Gift Deed, and it needs to be registered. Stamp Duty payable is about 1% of the market value + Registration Fees.
Contact a lawyer, within your area, who can draw up the Gift Deed.
Answered on 8/29/13, 6:27 am
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