Transfer of self acquired property to son

Querist : Anonymous (Querist) 19 January 2011 This query is : Resolved
Respected Lawyers,

I have a house as co-sharer in my name and my elder sons name, in faridabad, haryana. That is our self acquired property and now in my life time i want to transfer my complete share to my elder son only. Please let me know how i can do it very economically and at a least cost, please tell me the modes of transfer of this house to my son in my life time.

Some one told me to execute relinquish deed in favour of my son but one advocate told me that relinquish deed can be execute in matter of ancestral properties only and it does not applies to self acquired property.

Pls guide me........ thanks in advance

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Guest (Expert) 19 January 2011
execute a registered gift deed. It will transfer your share to your son. The registration and stamp duty will be minimum

Advocate. Arunagiri (Expert) 19 January 2011
Transfer the property by way of settlement.

G. ARAVINTHAN (Expert) 19 January 2011
settlement deed is the best way. right from the execution, your son can get entire right in the property

Kirti Kar Tripathi (Expert) 20 January 2011
BOTH WAYS ARE AVAILABLE, YOU HAVE TO CHOOSE

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