Co-owner of property

Rahul (Querist) 21 May 2012 This query is : Resolved
Dear sir,

I have one property on my single name. If I want my wife to be co-owner then what is the procedure to be followed in this regard??

Rahul

Follow Query

Report Abuse

A V Vishal (Expert) 21 May 2012
You can gift (whatever percentage of ownership you intend to transfer) by way of a regd gift deed

Adv.R.P.Chugh (Expert) 21 May 2012
Gift or reliquish half of the property in your wife's name via a registered instrument.

ajay sethi (Expert) 21 May 2012
agree with experts

A V Vishal (Expert) 21 May 2012
GIFT IS THE BEST OPTION SINCE RELINQUISHMENT ATTRACTS CAPITAL GAINS

Rajeev Kumar (Expert) 21 May 2012
Agree with experts

MohammedRaffiq Bijapur (Expert) 21 May 2012
Dont think of stamp duty. Be sure the transfer be valid. Get registration deed either in form of gift or relinquishment or release.
Either u can create her interest of maintenance over ur property by giving application to the revenue authorities.