Very very urgent - transfer of properties

Querist : Anonymous (Querist) 28 June 2017 This query is : Resolved
HI,
This is very urgent.Mr,.X due to financial issues is transferring within 2 days his Flat with value maybe within 12.50Lacs in daughter's name and a gala worth 12.50Lacs in wife's name to avoid being confiscated by bank.In this case does both the tranferee (as Mr.X has no money to pay stamp duty etc)have to pay stamp duty,registration charges and if yes what is the percent and what more charges or expenses have to be paid.

Also,will the bank take back the tranferred property from daughter and wife incase Bank declares( after few days of tranfer of property) Mr.X financially incapable as not repaying his bank loans and his company as Insolvent ?(Banks are going to send him NPA notice in a week's time or two weeks time which is not yet received hence asking )
can they reject the transfer n take back the property from daughter n wife?

Pls reply urgently as the agent is demanding Rs.1,11,000 as stamp duty,registration expenses and Rs.25000 as other expenses totalling to Rs.1,36,000 for both properties without giving proper details and have to be paid by tomorrow.

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