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anthony lawrence   13 January 2022

Property query

I am the only daughter, my father wants to transfer his sra flat under my name and the flat is more than 12 years old. how can i transfer flat


 1 Replies

Megha   16 January 2022

Hi,

As per the provisions of the Transfer of Property Act, 1882, a minor can accept an immovable property as a gift.  This is one of the most popular way of transferring a property in favor of minor child.  Or you may draw out a will favouring the flat in your daughter's name which will be bequeathed to her upon majority or at the time of your death, whicever is later.

For the transfer, you may approach the nearest SRA office having territorial jurisdiction and check the requirements.

Best regards,
Megha


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