Property SETTLEMENT Deed from Mother to Son

Querist : Anonymous (Querist) 29 April 2010 This query is : Resolved
Hi,

My mother is wishing to transfer property in her name to my name.I also have a brother.

The property(apartment) is in Chennai,Anna Nagar (Guideline valued at 1500000)

Questions
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1. what will be the charges i need to pay for the property transfer for

2. Should i go for a settlement deed or do i have any other options for a quick and cheapest property transfer.

3. Pls provide breakup of the charges like BOND paper ,registration charges etc

4. Do i need any "NO Objection Certificate" from my brother.This is not ancestral property and self earned by my mother.

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Raj Kumar Makkad (Expert) 30 April 2010
As the property is self acquired of your mother so no NOC is required from any other person including your brother to transfer the same in your favour by your mother. Settlement Deed or family settlement shall suffice.

Ashok Yadav (Expert) 30 April 2010
I am agree with mr. Makkad i would like to add one more thing that your mother can go for Gift deed also.

Charges may be consulted with local sub registrar office.

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