By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News (TREN)
Thane – MMR | October 2025
Understanding Gift Deeds
A Gift Deed is a legal document that allows a property owner to transfer ownership without any monetary consideration, most commonly between spouses or immediate family members.
In Thane, this process is widely used for family settlements, estate planning, or when couples wish to retain independent ownership while remaining fully compliant with stamp-duty and registration regulations.
In legal terminology, the person giving the property is the donor, and the recipient is the donee — but in practice, both are family members, making the process straightforward when properly drafted and registered.
Stamp Duty & Registration Charges in Thane (2025)
| Category | Base Stamp Duty | Metro Cess | LBT (Local Body Tax) | Registration Fee |
|---|---|---|---|---|
| Gift between spouses or immediate family members only (residential/agricultural property) | ₹ 500 | 1 % of market value of share transferred | 1 % of market value of share transferred | ₹ 200 (flat) |
| Gift to non-relatives / non-qualifying property | 3 % of market value | 1 % | 1 % | 1 % (capped ₹ 30 000) |
Note:
Under Maharashtra rules, a gift deed of residential or agricultural property to a spouse or immediate family member is eligible for a concessional base duty of ₹ 200.
However, in practice, Thane Sub-Registrar Offices commonly charge ₹ 500 for such transfers. It is advisable to confirm this during IGR Maharashtra Adjudication before payment.
Local Practice – Thane SROs (2025):
Even when the concessional ₹ 500 duty applies, 1 % Metro Cess and 1 % LBT are still levied.
When one co-owner transfers only their undivided share, these levies are calculated on the government-determined Ready Reckoner (RR) market value of the property, restricted to the percentage share being gifted — for example, 50 % or 25 % — rather than the entire property value.
Always confirm this computation through IGR Maharashtra Adjudication before payment.
Example – 50 % Share Gift (Husband to Wife)
Ready Reckoner Value: ₹ 1 crore
- Share transferred: ₹ 50 lakh
- Stamp Duty ₹ 500
- Metro Cess 1 % = ₹ 50 000
- LBT 1 % = ₹ 50 000
- Registration Fee ₹ 200
Total ≈ ₹ 1,00,700
Legal & Tax Overview
- Tax-free transfer: Gifts between spouses or immediate family members are exempt under Section 56(2)(x) of the Income-Tax Act.
- No capital gains at transfer: Section 47(iii) excludes gifts from capital-gains computation.
- Clubbing rule: Income from the gifted property may later be added to the transferor’s income under Section 64(1)(iv).
- No TDS: Since there is no consideration, TDS under Section 194-IA does not apply.
- Loan or society NOC: Required if the property is mortgaged or within a housing society.
- Post-registration updates: Apply for society share-certificate endorsement and name change in Thane Municipal Corporation property-tax records (this replaces the older term mutation).
Professional Note
Because LBT and Metro Cess are value-based, the most reliable approach is to obtain IGR Adjudication before registration.
This ensures the ₹ 500 + ₹ 200 concessional structure is correctly applied and that the 2 % combined levies are calculated only on the share proportion of the property’s Ready Reckoner value, preventing any future reassessment or dispute.
About the Author
Arosh John is the Founder of John Real Estat (MahaRERA Reg. No. A51700001835) and Editor-in-Chief of Thane Real Estate News (TREN) — Thane’s first and exclusive digital news and information platform dedicated to verified, fact-checked real-estate updates and analysis. TREN delivers data-driven journalism on Thane’s housing, infrastructure, and regulatory landscape, with all content curated and fact-checked personally by Arosh John. With over a decade of on-the-ground experience across Thane’s residential, villa, and infrastructure-led corridors, he combines local market intelligence with regulatory insight to decode how policy, connectivity, and urban planning shape real-estate value.
Disclaimer
All information is verified through official Maharashtra IGR and Thane SRO sources as of October 2025. Levy structures and rates may change with future notifications. Readers are advised to confirm applicable duty and share-value computation through IGR Maharashtra Adjudication before registration. This article is for informational purposes only and does not constitute legal or tax advice.
