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Immovable Property: No Stamp Duty on gift received from Husband

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By Accommodation Times Bureau

JAIPUR:

Chief Minister Ashok Gehlot in a direction of women empowerment on Monday freed stamp duty from the real estate documents given to her by the husband.

Gehlot was addressing the review meeting of various departments related to tax revenues in the Chief Minister’s Office.

In favour of father-mother, son-brother-in-law, daughter-in-law, husband, son and grandson in the state, give a stamp duty of 2.5 per cent on the property value of the real estate gifting deed.

At the same time, there is a provision for stamp duty of 1% of the market value of the real estate or maximum 1 lakh stamp duty is applicable. On this, Gehlot has decided to free the stamp duty from the husband’s wife in favour of the wife’s real estate gift.

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