registration fees

ALAPATI NAGARAJ (Querist) 22 November 2010 This query is : Resolved
sir,

my father has earned a property and the property is on his name.recently my father expired and i want to transfer the property name to my mother.what is the procedure and cost.we live in hyderabad and our property cost as per market value is 2 crores. i dont know the governament value of the property.

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s.subramanian (Expert) 22 November 2010
You can execute a release deed in favour of your mother. The stamp duty will be 1%.

adv. rajeev ( rajoo ) (Expert) 22 November 2010
Being a legal heirs of your deceased father you are required to relinquish your rights thru., regd., rights relinquish deed in favour of your mother.

ALAPATI NAGARAJ (Querist) 22 November 2010
thankyou verymuch sir

adv. rajeev ( rajoo ) (Expert) 22 November 2010
Being a legal heirs of your deceased father you are required to relinquish your rights thru., regd., rights relinquish deed in favour of your mother.

R.Ranganathan (Expert) 22 November 2010
You can execute a release deed in favour of your mother releasing your share in the property. Stamp duty will be about 4%. For Settlement Deed it is 1%.You can check the same with the concerned registrar's office. Additionally you have to pay registration fees 1%.

A V Vishal (Expert) 22 November 2010
The stamp duty in Hyderabad for a relinquishment deed is 3.5%. Rates have been revised recently. However, since the property is still in the name of your father, it has to be mutated first in your name before relinquishing.

Raj Kumar Makkad (Expert) 23 November 2010
Nothing remains to be added.

Uma parameswaran (Expert) 23 November 2010
You have to collect succession certificate and legal heir certificate to transfer the property.

Sri Vijayan.A (Expert) 23 November 2010
In Tamil nadu,
Stamp duty is 1% of property value subject to maximum of Rs.10,000/-
Registration fee is also 1% but max is Rs.2,000/-

Check up with the registrar office for AP duties and fees