Arunan (Project Manager) 20 December 2016
Respected all,
Myself and my mother own a joint property at chennai. Actually, i am the owner of the property and my mother was added as a joint owner to avail a maximum loan amount. now the property is free from housing loan. my mother wants to get relieved from this property by transferring it to me.
what are the options i can exercise to transfer the property to my name with a minimum stamp duty.
Lawyers kindly post me if i can meet you in person in chennai.
Thanks in advance
Arunan
adv.bharat @ PUNE (Lawyer) 20 December 2016
Arunan u can take release deed from your mother in your name.
Regading stamp duty your mother need to gvie stamp & regisgtration charges for her share in the property only.
Will u appreciate this answer by giving like on my LCI profile?
Kumar Doab (FIN) 20 December 2016
It is believed that you are Hindu.
Confirm.
Kumar Doab (FIN) 20 December 2016
The owner can dispose his estate/property in his life time, in anyone's favor by a valid/registrered deed in his/her life time e.g;
Gift/sale/relinquishment/release etc etc
Kumar Doab (FIN) 20 December 2016
For counsels you can search in lCI databank:
https://www.lawyersclubindia.com/lawyers_search/
Kumar Doab (FIN) 20 December 2016
Repeated at:
https://www.lawyersclubindia.com/experts/Transferring-the-ownership-of-a-property-626396.asp
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