A Gift Deed is a legal document that allows an owner to transfer a property or any valuable asset to another person without any consideration or payment in return. In Maharashtra, the process of executing and registering a Gift Deed can be done through a Power of Attorney, which allows a person to act on…
Which document is more suitable in what situation, for transferring properties to your kin, relatives, near ones, etc.? Introduction Year 2020 has brought in new dynamics in all the fields. Not only the Government but citizens are also trying to adapt to the changing situations. The pandemic has made people give away their traditional way…
In Pune and Pimpri Chinchwad, the Metro Cess is a tax levied by the concerned local government body (Municipal Corporation, Municipal Council, etc.). It is applicable on property transfers by way of Gift Deed, Agreement to Sell, Sale Deed, Deed of Assignment, etc. Currently, Metro Cess is levied at a rate of 1% on the…
This article provides basic information regarding Stamp Duty, LBT, Metro Cess, Registration Charges, and the meaning, rules, and process of registration of Gift Deed of immovable properties in Pune, Pimpri Chinchwad, and the PMRDA area. Meaning of Gift Deed A gift deed is a document by which ownership of the property can be transferred without…