Transferring the ownership of a property

Arunan (Querist) 20 December 2016 This query is : Resolved
Respected all,

Myself and my mother own a joint property at chennai. Actually, i am the owner of the property and my mother was added as a joint owner to avail a maximum loan amount. now the property is free from housing loan. my mother wants to get relieved from this property by transferring it to me. what are the options i can exercise to transfer the property to my name with a minimum stamp duty. Lawyers kindly post me if i can meet you in person in chennai. Thanks in advance

Arunan

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Kumar Doab (Expert) 20 December 2016
Isn't it the same query:

http://www.lawyersclubindia.com/forum/Transferring-the-ownership-of-a-property-145299.asp

Rajendra K Goyal (Expert) 20 December 2016
In some states gift of property to near relatives / blood relations does not attract stamp fee.

If this is permitted in your state, she can gift it to you.

Hemant Agarwal (Expert) 20 December 2016
1. While agreeing with Shri Rajendra K Goyal (Expert /Advocate), the Mother can duly execute a Reliquishment or a Gift Deed in your favor.

2. For your requirements in Chennai, You may prefer to contact Shri Yudhish Padman S, Advocate (Madras High Court) 9566217446

Keep Smiling .... Hemant Agarwal
VISIT: http://www.maharashtra-society-help-forum.com