ymsr (HouseWife) 19 December 2010
I am an NRI and I have invested in a residential site in bangalore through my brother who lives there. The site is registred in his name. What are my options of transfering the property on my name. Can i go for the gift sale deed? Do I have to pay the registration charges again.
Adv Akhtar Ali Sheikh (Property Law Consultant) 22 December 2010
The property may be gifted back to you which will require compulsory payment of stamp duty and registration charges.
ymsr (HouseWife) 24 December 2010
to lower the registration costs is there any other option other than gift deed. Can my brother transfer the property to my parents and then they to me.Thanks
Adv Akhtar Ali Sheikh (Property Law Consultant) 24 December 2010
The gift deed is the only least expensive option in case of Maharashtra and I think the same would be for Karnataka.
And if you think the property be transferred to your father then to you even then it would cost double expenses so let the same be gifted back to you by registered gift deed.
Rajesh kumar (self employed) 13 March 2011
what are the rate of registration fee and stamp duty applicable in case of blood relation
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