Transfer of property to brother

Querist : Anonymous (Querist) 12 November 2011 This query is : Resolved
i wish to transfer ownership of flat to my brother.property is in pune,maharastra.

shall i go for gift deed/release deed/settlement deed.

property owned by me and father was co-applicant in loan.

Now loan is closed.what is the best and cheapest way to transfer ownership.
i wish he can able to sell property in future if he needs.
shall i file relaese deed with my father who was coapplicant in loan?and then he will give it to brother as inheritence or i seperately file gift deed directly to my brother?

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Nadeem Qureshi (Expert) 12 November 2011
gift deed is best and cheapest. no need any release deed because the loan is closed.

ajay sethi (Expert) 12 November 2011
you are staying a flat in cooperative society . it is advisable to execute a gift deed for transfer of flat in your brother name .

have gift deed duly stamped and regsitered .
society will not levy any transfer charges for tansfer of flat in name of brother

Piyush Vaishnava (Expert) 12 November 2011
i do agree with experts.

Sankaranarayanan (Expert) 12 November 2011
yes i do agree with experts suggestion .

Rajeev Kumar (Expert) 12 November 2011
Of course i do agree with above experts suggestion. So follow their advise

Shailesh Kr. Shah (Expert) 12 November 2011
Only Gift deed can be executed in given case.

it seems that query is repeated with some modifications.

prabhakar singh (Expert) 12 November 2011
follow the advise advanced by mr.sethi.

Devajyoti Barman (Expert) 13 November 2011
Gift deed should be executed.

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