My father wants to gift me a 200 sq yard plot in Chittaranjan Park, South Delhi. I’m curious about the exact stamp duty I’d need to pay. Could you tell me how much it would be if the property is registered in my name (male), or jointly with my wife, or in her name only?
Best Answer
The stamp duty on a gift deed in Delhi is 1% of the market value of the property. If the property is registered in your name, your wife’s name, or jointly, the stamp duty would be the same, which is 1% of the market value of the 200 sq yard plot in Chittaranjan Park. It’s advisable to consult a lawyer or a property tax consultant for the exact current market value and any additional charges.
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