Dear Sir,
I have purchased a flat and made agreement on 28-3-2012 with paying stamp duty and registration charges. However, during the course of my loan application I have lost my job and loan application has been rejected from the LIC Housing Fin. So far I have paid 20% of the flat value, keeping 80% for the loan amount. In order not to cancel the agreement, can I transfer the said agreement to my brothers name and if so what will be the procedure and whether there is any further stamp duty payable. Kindly reply immediately.
Regards,
Nijesh Narayanan