We had a shop on ownership basis in regd. co-op soc. purchased by my father in 1969 he had nominated my mother as nominee. he passed away on 6.10.2001 leaving my mothe and seven childrens (4sons namely A, B,C & D and 3doughters P,Q & R )
Society has transfer the sahre certificatre and ownership in our mothers name by taking a common indeminity from all of us. i.e. all brothers and sisters. Now mother has nominated 'B' and 'D' as nominee 50:50 shares in the said property
Now 'B' (1st nominee) want to give his shares in property to 'C'
Now question arise:
how the transfer will effect in the society? and how 'C' and 'D' will become the absolute owner of this property
we all are Mariied and having major and Minor childrens too.
1. CAn we ignore the nomination form given in society and submit duly tgistered release deed /gift deed from remaining all brothers and sisters
2. what about the stampduty and registration fees ( is it a case of ancestral property?)
3. At present all brothers and sisters are agreed to give their rights and title etc. and want to make 'C' and 'D' as absolute owner of this property.
Pleae advice us how we can take effect the following transfer and what will be the stamp duty
propery location village andheri taluka andheri area 175sq ft and yr of construction is 1963-66
Please advise on urgent basis