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Hemant Manglani (abc)     11 May 2011

Documents required for transfer of property based on willl

Hi

I'm staying in a flat in Mumbai coop housing society since 1950 and we are three siblings 2 brothers and 1 sister. Initially the flat was on my fathers name and during the time my father was alive myself 'A' and my brother 'B' made a family agreement in year 1993 where I paid him some 'x' amount as part of his share. My father made a will (in year 1995) where he stated that my brother 'B' has no right, claim or interest in the property as he already got his share, the property would belong to me 'A' after his demise but he even stated in the will that incase if he dies before my mother then the property would be transfers on my mothers name. My father died before my mother and based on the will society MC transferred the flat on my mother’s name (without paying any stamp duty or registration charges). Later my mother made will (in year 2010) where she stated that the property would be equally divided between my sister 'C' and myself 'A' after the law which came into act just few years before which says even daughters have a right on parents property. Now myself 'A' and my sister 'C' have mutually agreed on a decision in which she is not interested in claiming 50% of the property.

Now I have few queries:

1. What are the documents required for transferring the flat from my mothers name on my name 'A' and to have complete till of the property

2. do I have to go via gift deed or release deed (from my sister) and pay stamp duty and registration charges or even affidavit would work (from my sister) as the flat is still on my mothers name as per the society registry and I could save some amount on stamp duty and registration charges.

3. Do I require any document from my brother 'B' in above mentioned case?

Response appreciated

Regards,

Hemant



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 4 Replies

V. VASUDEVAN (LEGAL COUNSEL)     11 May 2011

Since the property was originally heldin the name of your father and as per his will the property was to vest in you (subject to the condition that if he dies your mother, she will get it (life time right) - Please check this clause. If your mother's interest in the property was only lifetime interest as per your father's will, you will become the owner on her death. Even otherwise, your sister has given a no objection. Hence produce this documents and an indemnity to the society. No need for any other documents or payment of stamp duty.

vasudevan

Hemant Manglani (abc)     29 May 2011

VASUDEVAN thanks for your reply.

I consulted many lawyers/solicitors regarding the same. Different people give different suggestions.

Some of them say to have a complete title over the property you need to execute a gift deed from my sister and pay the stamp duty and registration charges.

Some say you need to execute MOU and no need to pay stamp duty and registration.

Some say you just need an affidavit from my sister.

I'm really confused and don’t know which deed to execute.

Please provide your suggestion so as a have hassle free ownership of property and no issues in future and I don’t mind paying stamp duty and registration fee for the same

 

Regards,

Hemant

V. VASUDEVAN (LEGAL COUNSEL)     29 May 2011

To have a complete title in a properfy of Flat, it would be perfect if the flat is registered in your name, in the records of the society. In the instant case, all that is required is to satisfy the society' with reasonable documentation and an application form supported with the will, your affidavit/indemnity and your sister's renounciation in the form of affidavit would be sufficient. In this specific case, she is only renouncing her right in the property and hence no question of gift. 

vasudevan

jyotilekha chaitanya koppikar (director)     03 December 2011

Dear sir,

My father has given me a flat in coop housing society in mumbai in will. Please let me know what documents shall I give to society to transfer the flat in my name ?  Myself & my brother are the only heirs and I have my brother's affidavit and no objection.  What else is required ? is there any form ? if yes please let me know.

Thanks,

Jyotilekha Koppikar


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