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Hemant (SSE)     06 March 2013

Adding father as additional owner in existing property

Hi, I have a query in below mentioned scenario & objective of the same ... Need your help:

Scenario:
1. I have bought a flat & paid all government charges. Yet to get possession.
2.  Registration was done in the name of Me & My wife.
3. Later, My Father has sold property of his ownership & he is planning to give entire amount in my property repayment.
4. Property is in Manjari Dist. Pune (Maharashtra)

objective:
1. Father wants to help me in repayment of flat cost.
2. As he is required to invest his long-term-capital gain to save on tax, he is willing to invest in my property.

Query:
1. Will, adding Father as an additional owner in property, be helpful in above scenario? If yes, then what is the process?
2. How much it would cost to add him as an additional owner?
3. Please let me know if there are any other way out to achieve the objective in above scenario.
 



Learning

 1 Replies

Rajendra Shrivastava (advocate)     06 March 2013

by giveing him some share by saledeed.


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