Partition Deed Sample With Stamp
Description
How to fill out Partition Warranty Deed?
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FAQ
Property registration charges in Maharashtra are determined as 1% of the total cost for properties priced below Rs 30 lakh. For properties priced above Rs 30 lakh, the registration charge is capped at Rs 30,000.
The partition lawsuit is filed in India for residential property, commercial property or in the case of land disputes. The partition suit court fees is Rs. 500.
Partition is the division of real or personal property between or among two or more co-owners, such as joint tenants or tenants-in-common. Partition is not a remedy available to owners who hold title as community property or quasi-community property.
In case of partition deed of agricultural lands, stamp duty is Rs. 100/- and in case of non- agricultural land, stamp duty as provided under Article 46 of the Act of 1958 is payable.
Stamp duty on partition deed varies from state to state. For example, in Delhi, 2% of the value of the separated share of the property has to be paid as the stamp duty on a partition deed. The same rate is applicable on registration of partition deeds in Maharashtra, along with a 1% registration charge.