We are, 3 brothers, living in a multistory building & having joint family. The entire property is in the name of younger brother. But now we are planning to separate & each brother wishes to keep one floor.
Since, the property is in the name of younger brother, how can we legally transfer the property into each brother? Shall we have to pay stamp duty on registry or gift deed is possible? Is there any other way also?
Kindly guide us so as we can legally transfer the property with ownership & also save the stamp duty since the transfer is within the family.
Anticipating a positive response from your side at your earliest
Jai
satna, Madhya pradesh
