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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