My sister has purchased a flat in Pune ( Maharashtra) in her name, the possesion of that flat is in March'10. Me and my father are co-borrowers in the home loan. The reason for purchasing the property in her name was my loan eligibility was very low when flat was purchased.
Now my sister has moved to US and works there, i am regularly paying the EMI of the loan. She wants to transfer the property in my name so that i can avail the benefits and also to avoid any property problems in future.
how to go about making the gift deed?? what will be the charges ( stamp duty, registration) , we have a home loan on the said property.. will the bank allow this kind of deed??
will await the reply for all the gurus on this topic.... thank you in advance.