To include my wife as coowner of property

Querist : Anonymous (Querist) 22 August 2010 This query is : Resolved
I purchased a Flat in Bangalore about three years back and got it registered in my name.I am a senior citizen of 75 years and would now like to include my wifes's name also as coowner of the Flat.How do I do it? Should I reregister and what will be the stamp duty and registration charges?

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Devajyoti Barman (Expert) 22 August 2010
You have transfer a particular share in the said property in favour of your wife and get the deed registered. The stamp duty varies from state to state. In West Bengal it is 0.5%.

Kiran Kumar (Expert) 22 August 2010
it will be a transfer of property and usual registration charges will be applicable (charges fixed by state govt., so vary from state to state)

s.subramanian (Expert) 22 August 2010
Yes. I agree. If you want to avoid stammp duty,execute a will in favour of your wife.

Rajeev kulshreshtha (Expert) 22 August 2010
Yes I agree with with Mr.s.subramanian .

Chanchal Nag Chowdhury (Expert) 22 August 2010
I agree with with Mr.s.subramanian .

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