Manoj (Student) 13 January 2014
My father bought a flat in Pimpri-Chinchwad 2 years back for me. As I left my job for higher education, he jointly with my mother took the loan and they both own the said flat.
Now I have got a job and intend to repay that loan and also interested to take TAX benefit thereof. As far as I know, TAX benefit can be availed only if the property is on your name.
What are the ways with which I can add my name to the property without facing large amount of registration fees.
Simi Salooja (Legal Secretary) 13 January 2014
try speaking with the bank... in case they can convert the loan in your name.. from one of the 2 names.
regards
adv simi
mumbai
Manoj (Student) 10 February 2014
Actually in many of queries discussed here as well as other forums, The Tax benefit can be taken only if your name appears on property and the same is also true for homeloan transfer. So to add my name on the said property, What way should I choose such that I encur least amount of taxes and registration fees??
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