What is the stamp duty for a gift deed in Mumbai?
What is the stamp duty and other taxes/levies for a gift deed of residential property between parents and son in Mumbai, Maharashtra?
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Advocate By LEAD INDIA
Answered: 28 Apr 2025
In Mumbai, Maharashtra, the stamp duty for a gift deed is 3% of the property's market value. However, for property transferred from parents to children, there may be certain exemptions. You will also need to pay registration charges (1% of the property value). A lawyer can help you with the registration process. For further legal assistance contact us on our helpline number.
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