Adding wife's name in house property

Deepak Tondle (Querist) 08 March 2020 This query is : Resolved
Hi,

I have a house which is in name of my mom and me. Now I am married and I want to add my wife's name in the house property. So what is the procedure to add my wife's name in House property. Can you please suggest me some solution for this.

Thanks.

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If you wish to add your wife's name to your house property, which is currently in your and your mother's names, the primary method is to execute a registered Gift Deed. Either you, your mother, or both of you can gift a portion of the property to your wife through this deed. Stamp duty will likely be applicable, though some regions offer exemptions for gifts to close relatives. While a will is an option for inheritance, a Gift Deed is the direct way to make her a co-owner during your lifetime.

Advocate M.Bhadra (Expert) 08 March 2020
You can gift some portion or absolute of your property by a registered deed of gift in favour of her.

kavksatyanarayana (Expert) 08 March 2020
Your mother and you can gift some property in favour of your wife.

Raj Kumar Makkad (Expert) 08 March 2020
A registered deed of transfer of the property is the prior requirement for getting the desired relief.

Akshay (Expert) 08 March 2020
Hi
Thank you for your question
If you want your wife's name to be added as a co-owner of your property,then gift the property by registering Gift Deed in her favor.Stamp duty for gift deed would have to be paid.

Hope this will help you
Best regards,
Akshay Gupta

PARDEEP KUMAR (Expert) 09 March 2020
First of all the question would be 'Why at all you need to add your wife's name in property' as even otherwise she would be your legal heir. Such transfers generally aren't cost effective and do invite complications. Still to have proper advice you need to provide full facts i.e. from whose money the property was purchased, since when you are married, purpose of intended inclusion etc. However in plain your mother or you or you both can gift desired part of the property to the one intended to.

krishna mohan (Expert) 09 March 2020
Gift through will is one option. I tend to agree with Mr.Pradeep Kumar views as in any case she will be the legal heir for your share. If it is for tax saving on rent etc., better consult CA for a solution within the provisos of IT rules.

Raj Kumar Makkad (Expert) 09 March 2020
Will comes in the operation only after death and as such the same is not a gift.

Advocate Suneel Moudgil (Expert) 10 March 2020
Gift deed or transfer deed is the best and only available options

Rajendra K Goyal (Expert) 12 March 2020
You can gift your wife some of portion owned by you in the property. You can not force your mother to gift any of her portion to your wife, however she can do so if she agree.

Your wife would be owner of the portion to the extent of which she has been gifted.

T. Kalaiselvan, Advocate (Expert) 21 March 2020
In order to bring your wife as one of the joint owners to the property, either you or your mother or both can execute a registered gift deed in her name by transferring a portion of the property with or without any demarcation, after which she will automatically become a joint owner along with other owners of the property.

Rajendra K Goyal (Expert) 21 March 2020
In some states, stamp fee on gift to specified near relative is free, get the fact clarified in your state.

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