Transfer of share

shyam lal (Querist) 24 October 2024 This query is : Resolved
What are the legal procedures for a living shareholder of undivided immovable property to transfer his legimate share to his sibling .

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This discussion explains the legal process for a joint owner of undivided immovable property to transfer their share to a sibling. The recommended method is for the joint shareholders to sign a single gift deed together, transferring their respective shares to the sibling.

kavksatyanarayana (Expert) 24 October 2024
If the shareholder is holding the property jointly without being divided or partitioned then he can jointly sign a single gift deed in favour of his sibling.

shyam lal (Querist) 25 October 2024
Thanking you expert k satyanarayana for replying.

kavksatyanarayana (Expert) 25 October 2024
You are welcome sir.

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