Flat name transfer

Shailesh (Querist) 05 April 2015 This query is : Resolved
I am the only son of my parents who own a flat in Pune.
The flat is in the name of my parents and I am not a legally a joint owner of this flat. My father has not prepared a will till now. I have following questions -
a) If my father prepares a will for transfer of ownership of this flat to my name after his death and my mother death, will this attract any stamp duty/registration to have the flat transferred to my name.
b) How can my name be added as owner to this flat before death of my parents?

Please advice.

Thanks

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Devajyoti Barman (Expert) 05 April 2015
1. Will does not attract any stamp duty at any place of India.
2. If they gift their share in flat to you by way of registered deed of gift then only you become its sole owner and name would be recorded.

If you are their only son, then why are you so hurry? Try to concentrate crating assets on your own strength.

Rajendra K Goyal (Expert) 06 April 2015
Transfer on the basis of will does not attract stamp fee.

Your parents may request the society to add your name, fulfill formalities as per bye laws.

ajay sethi (Expert) 06 April 2015
since you are the only son what is your hurry ? there are no other legal heirs besides you .

ajay sethi (Expert) 06 April 2015
will does not attract any stamp duty . your parents can make will in your favour

T. Kalaiselvan, Advocate (Expert) 10 April 2015
You are in a hurry about lot of issues, better be patient and wait for your turn.

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