My mother owns a house in Thane and wants to gift half of it to her 18-year-old daughter as a coming-of-age present. What’s the best way to do this? Do we need to register the gift deed? If so, will there be stamp duty? For a property worth around ₹1 crore, what are the fees involved? My daughter is currently studying overseas. How can we proceed with the gift while she’s away? I’d appreciate some guidance on this matter.

Apni Law
Apni Law
Law Forum › Category: Documentation › My mother owns a house in Thane and wants to gift half of it to her 18-year-old daughter as a coming-of-age present. What’s the best way to do this? Do we need to register the gift deed? If so, will there be stamp duty? For a property worth around ₹1 crore, what are the fees involved? My daughter is currently studying overseas. How can we proceed with the gift while she’s away? I’d appreciate some guidance on this matter.
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Apni Law Staff asked 10 months ago

My mother owns a house in Thane and wants to gift half of it to her 18-year-old daughter as a coming-of-age present. What’s the best way to do this? Do we need to register the gift deed? If so, will there be stamp duty? For a property worth around ₹1 crore, what are the fees involved? My daughter is currently studying overseas. How can we proceed with the gift while she’s away? I’d appreciate some guidance on this matter.

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Apni Law Staff answered 10 months ago

The best way to gift the property is through a registered gift deed. Registration is mandatory to transfer ownership and will incur stamp duty, calculated based on the property value and applicable rates in Thane. You can proceed with the gift deed while your daughter is overseas by obtaining her power of attorney authorizing someone to act on her behalf in India.

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