Transfer of property from bother's name to my name
Querist :
Anonymous
(Querist) 04 July 2017
This query is : Resolved
Dear Sir,
1. The property in question is a CGHS flat at Gurgaon and in the name of my brother. 2. Entire purchase price was paid out of the sale proceeds of the flat which was in the name of my mother who has expired two years back. 3. I have paid substantial amount to my brother to clear his dues from private lenders. 4. My brother's share in the property is equal to the money I have paid to him. 5. For the purpose settling the share in the property, my brother has executed a GPA in my name for putting property on rent or sell etc.
My query: 1. Whether on the basis of this GPA I can sell the property? 2. Whether I can receive sale proceeds in my name? 3. Do I have to transfer the property in my name in Registrar Office and HUDA and Society Records? 4. For completing above transfer, is it OK to mention family settlement as reason for such transfer?
Request the learned experts on property matters to clarify. Regards.
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