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Increase in the stamp duty payable on sale deed or gift deed of an immovable property in Mumbai w.e.f.1st april,2022


A comparative table regarding Sale of Immovable Property is reproduced here under: With regard to one of the common instruments of conveyancing i.e. gift deeds for the properties situate in Mumbai District and Mumbai Suburban District a comparative table is reproduced here under

Sr. No. Type of document After the surcharge is waived and upto 31st March, 2022 On and after 1st April, 2022
1. Gift deed Of residential and agricultural property gifted to husband, wife, son, daughter, grand-son, grand-daughter, wife of deceased Son Rs. 200/- as Stamp duty. Surcharge has been waived and hence NIL. Rs. 200,1- as Stamp duty, and surcharge of 1% market value Of the subject property gifted.
2. Gift deed of a property other than residential and agricultural property gifted to husband, wife, son, daughter, grand-son, grand-daughter, wife Of deceased son. 3% market value of the subject property gifted as stamp duty. Surcharge has been waived and hence NIL. Stamp Duty/ Surcharge Of 4% (3% stamp duty plus 10/0 surcharge) Of the market value of the subject property gifted.
3. Gift deed Of a property to family member being the brother or sister of the donor, or any lineal ascendant of the donor Or lineal descendant Of the donor other than the ones mentioned in Serial Nos. I and 2 above. 3% market value Of the subject property gifted as stamp duty. Surcharge has been waived and hence NIL. Stamp Duty/ Surcharge Of 4% (3% stamp duty plus 1% surcharge) of the market value of the subject property gifted.
4. Gift Deed of property to third parties other than those mentioned at Serial Nos. I to 3 above. 5% market value of the subject property gifted as stamp duty. Surcharge has been waived and hence NIL. Stamp Duty/ Surcharge of 6% (5% stamp duty plus 1% surcharge) of the market value Of the subject property gifted.

Our team at Bizcare Advisors Pvt. Ltd. would assist you in Stamp Duty Matters in Maharashtra. We offer these services from our office based in Mumbai. All you have to do is call us on +91 9892529454 or reach out to us at [email protected]

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