The transfer of ownership was formalized through two distinct gift deeds, each corresponding to a specific plot on which the bungalow stands.
The deeds for the bungalow spread over a total 16,840 sq ft were executed on November 8th and registered the next day.
The Bachchan family has paid a total stamp duty worth Rs 50.65 lakh for both the gift deeds, showed the documents accessed through Zapkey.com. The market value of the bungalow is shown as over Rs 50.63 crore.
As per the current regulations, a residential property gifted by father to either daughter or son in Mumbai attracts stamp duty of nominal Rs 200 along with metro cess of 1% per deed.
One of the two plots the bungalow is built on is spread over 9,585 sq ft and was jointly owned by Amitabh and Jaya Bachchan jointly, while the other plot spread over 7,255 sq ft was owned by Amitabh alone.ET’s email query and text message to Amitabh Bachchan’s team remained unanswered until the time of going to press.The Bachchan family owns several properties in Mumbai including bungalows Jalsa, Pratiksha, and Janak in Juhu.
Recently, Amitabh Bachchan bought four offices spread over nearly 8,400 square feet in a commercial project in Oshiwara locality of Mumbai’s Andheri suburb for nearly Rs 29 crore.
Several Bollywood actors, producers and directors including Bachchan himself, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai have invested in properties.
Many deals of high-end luxury properties acquired by Ranveer Singh, Hrithik Roshan, Rani Mukherjee, Alia Bhat, Disha Patani, and Janhvi Kapoor have also been reported in the last few quarters.
