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Arjun Nemane (Accountants)     24 March 2014

Transfer of property

I AM RESIDING WITH MY PARENT IN CO-OPERATIVE SOCIETY WHICH IS UNDER SRA SCHEME. MY FATHER IS THE OWNER OF SAID FLAT. MY FATHER LOOKING FOR TRANSFER OF HIS OWNERSHIP OF FLAT TO ME ONLY.

WHAT IS THE PROCEDURE TO TRANSFER OF PROPERTY(FLAT) FROM FATHER TO SON?

 IS IT ANY STAMP DUTY OR REGISTRATION FEES APPLICABLE ?

AND WHAT ABOUT GIFT DEED? 

 



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 2 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     24 March 2014

Section 3E stipulates that tenements allotted to persons under the Slum Rehabilitation Scheme shall not be transferred by the allottee for a period of 10 years from the date of allotment. After 10 years, the allottee may, with the permission of SRA, transfer the tenement in accordance with the prescribed procedure,

Arjun Nemane (Accountants)     27 March 2014

thank you sir,

can my father do GIFT DEED of said property?


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