ekta
07 March 2011 at 12:10
Hi,
I have bought a flat three years back on home loan. Loan is taken in my name only. Flat is in the name of me & my mother. We want to do a release deed/ gift deed wherein my mother will release her rights over the flat(property). There are certain queries from my side about the release/gift deed.
1. What is the better thing between release and gift deed if we want to remove my mother’s name from the property?
2. What is the procedure to execute this deed?
3. Is it necessary to pay the stamp duty for the deed? If yes, then how much? Is it 1/2rd of the total stamp duty, as right now we are two owners of the flat?
4. Is there is any rule/act for release deed where for family members(deed between family members) there is any exumption on the stamp duty?
5. I read one document of Karnataka Stamp duty department in which it has been said that, if release deed is between family members, then stamp duty will be only 1000Rs. Is it true? If it is true then, is it the same for Maharashtra? http://karigr.org/actsrules/stampacts/scheduleksa57.htm See Art 44.
In advance thanks for your time.
Naresh
Anonymous
07 March 2011 at 09:44
A girl is 18 years young,her Grand Mom written a will 10 years back and has died one year back,now the girl wanna sell that property.
Is she legally entitled to sign the property documents or she can do that after the age of 21 years?
I mean to know that what is the age of maturity for signing property documents for that girl,please explain??
karan vazirani
07 March 2011 at 08:42
Dear sir,
I have a property in mumbai. it is name of my father and grandmother ( both deceased ). My father has 10 brothers and sisters.Some are alive , while others have passed away. I own 50% of the property and the balance of the property belongs to the rest of the family. We have now decided to sell the property. The problem is, that out of all 11 parties involved... 10 people have agreed and signed documents, but there remains 1 person who is not agreeing and creating a block. The person here i mentioned is the husband of my fathers' late sister. Please note he does not live on this property. he has his own house elsewhere.
The family is ready to give him a fair share as is been given to others, but not ready to meet his unfeasible demands.
Is there any law that can help us to sell the plot without his signature?
Is there a process by which we can give a bond to the court and go ahead with the sale without his signature?
How long would the above procedures take?
If we go in for redevelopment of the plot, can he create a legal block? would his signature still be required?
What would be a better option in such a situation? to sell or to redevelop?
Anonymous
06 March 2011 at 17:32
Dear sir,
i have a property on the kalhatty ghat section on de airpin bends the land is at an angle of 45 degree slope and have plans to build a resort or a home stay kind. i would like to know to clear thick dense bushes on the land what are the permissions i require and the documents required to proceed? Kindly let me know
-- Kevin
Anonymous
06 March 2011 at 12:31
Hello,
My wife and myself (in our 80s) presently live with our 4 sons and their family in a paagdi property. We have already given rooms to each of the sons and the same should continue till the property goes into redevelopment. Now I wish to put it in writing that, in case the property goes into redevelopment, each of my sons should get equal shares in the redeveloped property.
1.What kind of document/agreement would be required to carry this out?
2. Do i need to get it on stamp paper? If yes, what amount?
3. Has this document/agreement to be registered?
4. Should I get the signatures of all my sons in the agreement/document?
5. Who should sign as witnesses?
If there is any other point that I need to consider, kindly let me know your advice/suggestion on the same apart from the questions listed above.
PRATEEKKUMAR PATEL
06 March 2011 at 10:31
Hello,
What is to be done in the case where somebody have possession of agri. land for more than 40 years and doing agri. activity on the same in the state of GUJARAT, but the land is not in his name.
Can he claim for the ownership of land ?
(as per GUJARAT legislation.)
Anonymous
05 March 2011 at 21:53
hello
my father died last year leaving me,my bro n mom.we've a plot of land in his name.i came to know that my grandma can also ask for a share in d property through this club.But we've family members certificate only in our 3 names(no grandma).we've decided to register d plot in my mom's name. kindly tel us what should be done.. wat sort of agreement shld be registered ... explain briefly as i am not familiar wid d practices followed? do we have to reliquish or settle?
Anonymous
05 March 2011 at 21:29
If in Flats there are 3 commercial shop and others are residence. so what is the law saying about monthly maintainence charges will be equal to same if in one of the flat there is staying one old widow woman and in other flats there are 4 to 5 members in each flat? For your ready reference I am giving the details of maintainence charges of the flat is common light bill for passage light and motor for digging the water from ground floor to overhead tank... etc. Please advice
Anonymous
05 March 2011 at 21:08
Respected sir,
My tenant has staying in my house for a rent for past 7 years. Is there any chance for them to claim my home now or in the future?
If yes, kindly tell what precautions I can take apart from telling them to vaccate the house?
Please advise.
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