Hi this is
Our entire properties belongs to my grandpa when he passed away it went my father and my grandpa’s youngest brother (My father’s uncle). They become 50 – 50 owner for this properties.
Any how He doesn’t have any children, my father and he wanted to gift us (myself and my elder brother) this property 50 – 50.
Valuation is done for this property. It comes around 10 Lakh each of us (myself and my elder brother).
On the above said scenario and valuation, I have few below doubts which are not clear to me:
1) What is the main difference between Gift deed and transfer (Register) deed
2) How the process will go ahead. I mean what step we need to follow.
3) What will be stamp duty and registration charges? (We belongs to
4) What points I need to take care in the whole process?
5) Only stamp and registration is enough?
6) Parents wanted keep 20% free space (common space). Where we both can not construct anything in that premises. What clause we need to take care in this situation?
I know, my quarry is huge but sure it will help to others also.
I will be really thankful lawyers club