Flat held in joint name
Kushal
(Querist) 27 June 2013
This query is : Resolved
I own a flat alongwith my 2 brothers. However, entire payment is made by me. The proportion of ownership of each brother is not mentioned in the purchase agreement. Now, we wish to make some document on the basis of which I don't require the signature of my brothers at the time of selling the flat either before or after their death and there are no claims from their legal heirs. My brothers are ready to sign any document for this purpose. I do not wish to pay stamp duty for this purpose. Kindly suggest me a way by which this can be done without paying stamp duty.
Rajendra K Goyal
(Expert) 27 June 2013
Repeated Query, also exist at:
http://www.lawyersclubindia.com/experts/Deletion-of-joint-owner-s-name-from-the-flat-agreement-401486.asp#.UcxLNJyLp3A
http://www.lawyersclubindia.com/experts/Joint-ownership-of-flat-402381.asp#.UcxLZ5yLp3A
Kushal
(Querist) 28 June 2013
Its not a repeated query guys. Read it carefully. I want a way out wherein I do not need to pay stamp duty.
Rajendra K Goyal
(Expert) 28 June 2013
Stamp duty has to be paid as per the type of document is chosen by you for doing the needful. No document to can save stamp duty Totally. You can choose the better of gift deed, relinquishment deed or registration of family settlement.
Rajendra K Goyal
(Expert) 29 June 2013
Even than if it is not a repeated query, you should have posted any clarification regarding the query in the same thread.
