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Maheshawara (finance)     10 May 2017

Adding cousin name as co-owner

Sir,  I own a property in Bangalore and it is registered under my name and I need to include my cousin name as co-owner of the property. Since we are joint family. We are planning to construct house wholly for joint family. So it must not be bifurcated. Please suggest the deed how it has to be registered. Plot size 30"40. After registration we approaching the bank for the loan purpose, this registration will help us to get more loan eligibility. Please suggest the deed how it has to be registered. As we are aware that stamp duty and reg charges will be applicable. But we need right guidance on how it has to be registered now.



Learning

 1 Replies

Kumar Doab (FIN)     10 May 2017

He may buy half share.

Check with lenders of your choice beforehand.

Some lenders may not be comfortable with other options like; Gift deed etc…. 


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