Legal Question in Real Estate Law in India

Real Estate

I had purchased a flat along with my brother and his wife. The flat is in the names of all 3 of us. Now my brother has migrated to some other country and he wants to gift the flat to me. Can this be done without me having to pay the stamp duty on the flat again? I am from Mumbai, India


Asked on 11/01/07, 12:40 am

4 Answers from Attorneys
Alok Sharma Alok Sharma & Associates

Re: Real Estate

Stamp duty can be saved. Your brother and his wife should execute relinquishment deed in your favour as it did not require regular stamp duty as in case of gift deed.

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Answered on 11/01/07, 8:55 am

Re: Real Estate

Yes,There are ways to waive the liability to pay the stamp duty by you.Contact with details.Professional charges are applicable.

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Answered on 11/01/07, 1:23 pm
Shrichand Nahar S.V.Nahar, Advocate

Re: Real Estate

You have to pay stamp duty. However, it will at concessional rates so far as it pertains to your brother's share.

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Answered on 11/01/07, 1:12 am
Homi Maratha N.N. Maratha & Co.-Advocates

Re: Real Estate

You need to pay the stamp duty but it would be comparatively less.

Please contact personally alongwith the details.

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Answered on 11/01/07, 2:28 am


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