Sayantan Bardhan (Finance Head) 31 May 2011
I have a property(appartment) in Kolkata which has been taken on loan from a private bank 6 yrs back.The main applicant of the loan was myself and my brother was co-applicant.However the sale deed was prepared and registered in my name only.It was a resale case and mutation of the property has not been done after I bought it.Now while doing mutation,can me and my brother show ourselves as joint owner of the property so that his legal right on the property is also established.
Regards
Sayantan
Bharatkumar (ADVOCATE ) 31 May 2011
Sale deed is registered in your name only so u r only owner of the said property so only your name enter in all records, your brother's not right in this property and he has not your co-owner.
Sayantan Bardhan (Finance Head) 31 May 2011
Thanx.But can you advise if the law allows addittion of co-owners in such situations?
Bharatkumar (ADVOCATE ) 01 June 2011
No, But u sale your 1/2 share to your brother or gift your brother but first u take a NOC from Bank for that then u registered the document in registrar office and thenafter your brother is co-owner of property.
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