Addition of vendor name in registered sale deed.

Manas Prakash (Querist) 22 April 2011 This query is : Resolved
Hello all,
I need expert opinion on the point that if some one has purchased a flat on a registered sale deed on his personl name, but now he wish to add the name of his wife and major son also as a vendee in the same sale deed,in this situation what are the options available.
1.Whether Correction/Ratification deed will suffice and how much stamp duty need to be paid?
2.Can a Decleration deed(Ekraarnama) be registered by the original vendee declearing the right of title to other two aforsaid persons also?
which of the above two will cost less and accurate.If there is another cost effective options in above circumstance plz suggest.
Manas Prakash
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R.Ramachandran (Expert) 22 April 2011
It can be done only by way of 'Gift Deed'. Gift Deed will involve stamp duty on the value of the portion that would be given by way of Gift.
Neither correction, nor rectification, nor Declaration Deed would apply in the facts and circumstances of the matter.

Guest (Expert) 22 April 2011
Option of gift of parts of property would be valid and cheap and also can save you from more complexities of the law..

Naresh Kudal (Expert) 22 April 2011
correction deed cannot be made for this purpose.

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