Wether release of right in the property , will attract stamp duty ?

I am the co-owner of an ancestral flat in Mumbai with my sister. I want to release my share in the flat to my sister for a certain amount. Will this be a release deed with consideration ? What will be the stamp duty since this is ancestral property if consideration amount is mentioned in the release deed ?

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  whether memorandum of Family Arrangement drawn in plain paper which is not stamped , is valid ?

Is it compulsory to prepare Joint Hindu Family agreement in Stamp paper only? Unstamped HUF agreement is invalid?

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  Wether Transfer of immoveable property by family arrangement does it attract stamp duty?

Sir, Under a family settlement if 1 faction of the family beneficiaries relinquishes their rights in property of the Family trust in the favour of the other beneficiaries, at the time of registration of this transfer, will this attract stamp duty if yes then what will be the percentage. The Trust and the Properties are situate in Mumbai. Thank you in anticipation of an early reply.

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