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Ashish   21 June 2016

Mumbai - pagdi system - transfer of flat to brother's name

Hello experts,

I need your help for my below query:
My family (Grandfather,Father, and me) are staying in pagdi flat in Mumbai for more than 50 years. However, the flat is in name of my uncle who was also staying in flat initially. However, he has moved out after marriage and now staying in another flat for more than 35 years now.
He has given written affidavit that he or his sons won't claim any rights on flat.
Now, if we want to transfer the flat from my uncle's name to my father's name (who is still staying in same flat) then is it possible without paying any % of current flat cost to owner? Do we need to pay anything to owner.
What is the process for the same.

Thanks.



Learning

 1 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     21 June 2016

your uncle with his children may execute a gift deed in favour of your father for their share then the stamp duty is payablle at 2% for their share value.


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