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Nikhil SHETTY   06 March 2022

sale deed transfer through blood relations

can a sale deed be done between blood relations if the property is self property ?


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 3 Replies

Shashi Dhara   07 March 2022

For consideration he can sell it to blood relatives if it is self acquired.

Palak batra   07 March 2022

Dear Querist,

 

A Sale Deed can be considered as the concluding part of a property-purchase process. It is an agreement which states that two parties will conclude the sale within the prescribed time period after executing the agreement to sell. It ensures that the ownership of the property is transferred to the buyer. During the registration of the deed, stamp duty and registration fee must be paid. Also, if you are the seller of the property then the taxes on capital gains will be applicable. 

 

Transfer in Blood Relation means to transfer the ownership of Property in relation to blood during Lifetime. Only, the Original Allottee of Property can transfer his/her ownership in Blood Relation.

 

No Stamp Duty is required in case of transferring the ownership in Blood Relation.

 

Regards,

Palak

Nikhil SHETTY   08 March 2022

what if seller dies after some days once sale deed registration (self acquired property) is done , if the legal heirs of the seller challenges ,if it is applied for partition deed.
How does the court treat with this issue ?

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