Name transfer

Manikam (Querist) 15 March 2018 This query is : Resolved
me and my brother jointly purchased a property last year in Chennai, now I decided to transfer the property to my brother name my getting half of the property price from him,

Could you please advice what is the procedure for name transfer?
For how much value should I buy stamp papers?

I appreciate if you could answer my question

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Isaac Gabriel (Expert) 16 March 2018
It is better to create a gift deed, for which the stamp duty in nominal.

Dr J C Vashista (Expert) 17 March 2018
A registered relinquishment deed should be preferred through a local lawyer.
Stamp duty differs from State to State, in Delhi stamp duty for a Gift deed is at par with Conveyance Deed.

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