LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Shiv Kumar (Software Developer)     05 May 2011

Registering a property

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.



Learning

 3 Replies

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.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading

Post a Suggestion for LCI Team
Post a Legal Query