| Question And Answer | |
|---|---|
| Subject: | Transfer of HUF’s immovable Property |
| Category: | Allied Law |
| Querist: | Omi Mehta |
| Answered by: | Law Intern |
| Tags: | HUF, Partition, Stamp Duty |
| Date: | August 4, 2025 |
Karta of the HUF wants to transfer the immovable property in the name of one of the co-parcener. under which instrument it can be transferred and what will be the stamp duty in Mumbai
The transfer can be by way of a partition deed. This attracts stamp duty at 2% of the market value of the property being partitioned, subject to a maximum cap of Rs. 30,000 per share of the coparcener. The Karta may also affect a transfer by way of a gift deed or a family arrangement. Gift deed attracts 3% stamp duty while family arrangement attracts 2%. There are concessions on stamp duty if the transferee is a spouse, child, grandchild or wife of a deceased son.
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