Stamp duty on partition of joint property among co-owners
Dhiraj
(Querist) 27 July 2017
This query is : Resolved
My father, and 2 sons, myself and my brother purchased a residential plot by making equal payment to the seller. Further we constructed our residential house in that land. And major portion of cost of construction was done by my father..
We constructed our house in 3 floors I.e.ground floor where I use to stay, first floor where my brother use to stay, and my father and mother stays in 2nd floor. We have separate staircase and entrance for each floor
Now we want to divide our ownership and rights exclusively and seperately into three parts I. E. Ground floor in my name, First floor in brothers name and 2nd floor in fathers name..
So what agreement or deed we should execute and get it Registered. (religuishment deed, or partition deed, or family settlement deed) And how much Stamp duty required to be paid to execute such deed
Dhiraj
(Querist) 27 July 2017
Please guide
Rajendra K Goyal
(Expert) 27 July 2017
You can proceed with registered family partition deed.
Stamp duty differ from state to state, discuss / consult local registrar office / local lawyer.
Kumar Doab
(Expert) 27 July 2017
Stamp duty is state subject.
Mention boundaries in Family settlement....
krishna mohan
(Expert) 28 July 2017
You consult a legal expert to draft family settlement deed including the undivided ownership of the plot if not standing in the name of all.
