LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Raj   17 August 2018

Transfer of property to my father

Dear Legal Experts,

We (me & my father) own a flat in Pune. He paid 60% amount and I took loan for remaining 40% from a Bank. I have now repayed the loan. The property is jointly held with my name appearing first. Now, I want to tranfer the property to him making him full owner of the property. What could be the best way to tranfer the flat to his name and not losing my right for inheritance to that property after his lifetime. Also, please guide on the costs (stamp duty, registration, taxes etc) that can be incurred in such transactions.

Thank you in advance for the help & guidence.



Learning

 3 Replies

Adv Deepak Joshi +917017821512 (Advocate)     17 August 2018

Dear querist,

 

How many children’s your parents have?

Thanks and Regards

Deepak Joshi & Associates

Djaa.legal@gmail.com

Mb/whatsapp +919456777600

Raj   19 August 2018

I have a younger sister who is married. We have internal understanding.I spoke to a property consultant and he told me that SD of 3% on 50% of market value, 30k for registration and 2000 scanning charges would be required for a Gift Deed.

Raj   22 September 2018

Plz close the thread!

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register