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Author Topic: Transfer of property to parents  (Read 176 times)

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Offline needysoul

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Transfer of property to parents
« on: August 30, 2016, 09:54:07 PM »
Can I transfer my house in my name to my parents. If yes, what charges/stamp duty and tax needs to paid by me and my property inn New Delhi. Can you please explain with an example of property value being Rs.30 lac.

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Offline advarjun

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Re: Transfer of property to parents
« Reply #1 on: August 31, 2016, 07:58:43 PM »
Yes you can transfer  your property to your parents name. for that you need to visit your registrar's office to check the stamp duty. they will give you the prescribed form.
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Offline adv.amarnath

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Re: Transfer of property to parents
« Reply #2 on: September 02, 2016, 09:25:05 AM »
It will be very prove of novice lawyer who will give you example as you asked for. If you wish to transfer your property in favour of your parent then you have to pay Stamp Duty and Registration Fee as prescribed in the Stamp Duty Act prevailing in Delhi. Your presumption of market value is not a valid. Contact near Registrar Office and get an assessment slip in respect of concern property

In west bengal S/D - 0.5% and R/F - 1.1% on total valuation given by the Registrar.
in Maharastra: S/D and R/F is Rs.200/- only
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Amarnath Sanyal
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