Is stamp duty applicable when gifting a flat to brother?
Dear Sir/Madam, I am planning to gift my flat to my elder brother. Kindly let me know whether stamp duty is applicable on processing the gift deed.
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Advocate By LEAD INDIA
Answered: 15 Mar 2025
Yes, stamp duty is applicable when processing a gift deed for transferring property. The duty amount varies based on the value of the property and the state where it is located. It is advisable to consult a legal expert to ensure the proper stamp duty is paid, as it differs by jurisdiction. For further legal assistance contact us on our helpline number.
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