Shiv Kumar (Software Developer) 05 May 2011
I have a property that is self-earned. Can I re-register that property including one more person name? So after re-registring, the sale deed will show my name and also the included person's name. So, myself will be the executor and one of the claimant in the sale deed. I am ready to pay whatever stamp duty prevails in my state. I don't want to propose gift deed or settlement deed.
ambrish (service) 05 May 2011
Dear Shiv,
You can do so with the a nominal stamp duty of 4% and add a new person in the title deed.
We recommend to read a very nice book on this subject :
‘A legal guide on precautions before property purchase’ In Hindi Language.
Book is available at : Nirdaliya Publication, Mr. Kailash Shrivastav, F-35, South T.T. Nagar, New Market, Bhopal (MP) 09424443401, 07552772406
Regards
Ambrish
rohit jain (Legal Consultant) 05 May 2011
DEAR SHIV
you caan do
Balasubramanian (consultant) 05 May 2011
As it is not a settlement or giift , the 4% tax may not be OK. To check the concerned district registar. Also there should be a consideration/transaction of money since it is a Sale dde.
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