X and Y are in blood relation. They invest jointly in "under construction flat" of a builder project. One of the Co-owners X dies. No registry has been done yet as the names of X and Y as Co-owners are on the BBA papers only
Now Y wants to transfer this whole flat to make Z as sole owner who is also in blood relation.
Now a days “ No Stamp Duty is required” for transfer of property to relatives in Haryana and the same should go with blood relation transfer before the registry as well but builder has clearly written in BBA that 25% of standard processing charges for every substitution. It is pertinent to note that this agreement was made in June 2012 before the circular of stamp duty exemption in blood relations out on the 16th June, 2014 No. 8.0. 62/C.A. 211899/8. 9/2014 from Haryana government
How can blood relation transfer possible without paying the transfer fees to builder before registry?
Attachment: Government Circular on Stamp Duty