I am a joint owner of a flat with my wife. In the property docs, my name appears first.
I wish to make my wife as a 100% owner of the flat. Can you advice on the process, and relevant charges. I stay in Mumbai.
Appreciate a response
A V Vishal (Advocate) 30 November 2009
You can either gift the property or relinquish your rights to your wife. You need to either execute a gift deed or a relinquishment deed for that. Gift deed is cheaper compared to relinquishment. The duty applicable is as per the Bombay stamp Act.
Raj Kumar Makkad (Adv P & H High Court Chandigarh) 30 November 2009
I do agree with Vishal.
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