Question
What is the stamp duty on a gift deed, and are gifts to relatives exempt?
Answer
Bottom line: Gift-deed stamp duty varies by state, but many states charge a nominal duty for gifts to close relatives — and such gifts are income-tax exempt.
1. State duty
Several states give a concessional or fixed duty for gifts to blood relatives (for example, ₹200 in Maharashtra for a residential gift to a close relative); others charge full duty.
2. Income tax
A gift from a relative as defined in Section 56(2)(x) is fully exempt, whatever the value.
3. Confirm
Check your state's current schedule before registering.
Estimate it with our Gift Deed Stamp Duty Calculator.
This answer is general information based on the law as it stood when written and is not professional advice on your specific situation. Verify the current position and consult a qualified professional before acting. See our disclaimer.