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Sunny Bangalore (temp)     11 January 2020

Transfer property ownership to surviving heirs

Hello

 

both my parents passed away in the last few years and left behind a property in Bangalore and a property in telengana. They were both apparently intestate. I have  2 siblings so totally 3 of us.

what is the best way to get the property transferred to our names mentioning equal share but without dividing by metes and bounds? We would like to keep costs and stamp duty to a minimum but the property values are quite high (20-30 crore)

Pls advice

 

 

 



Learning

 7 Replies

Shashi Dhara   11 January 2020

File petition to concerned authorities with necessary legal documents , transfer to legal heirs is done with minimum stamp duty. Contact advocate and take his valuable opinion.

kavksatyanarayana (subregistrar/supdt.(retired))     11 January 2020

You, 3 siblings, have equal rights over the properties.  On mutual and amicable settlement, you can divide the properties in un-equal shares also.  The Stamp duty for the partition deed  of property between family members (father, mother, sister, brother, son and daughter) is less. the stamp duty vary  from one State to another State.  so consult in SRO (through online also).

G.L.N. Prasad (Retired employee.)     12 January 2020

Approach to District Legal Services Authority, after writing a settlement deed and get the deed the status of award and they will ask Registrar to Index it in their records.  Such settlement deeds carry nominal stamp duty.

Rupin Dhama   12 January 2020

you just go to the registrar office with the settlement agreement or deed and with survival certificate and the property will be transferred with your names. the charges will be less then Rs. 5000 for that.


For more information contact us on 9999121211, or email us on info.lawjunction@gmail.com. .

Rupin Singh Dhama
Law Junction

P. Venu (Advocate)     12 January 2020

The property is already vested with you. You may may execute a partition or settlemnt deed. In many States, stamp duty involved is nominal. Please verify with the SRO or a local document writer in the respective State where the property is situated.

Dr J C Vashista (Advocate)     13 January 2020

Well advised by expert, I endorse it.

It is advisable to consult a local prudent lawyer with relevant records for appreciation of facts, professional advise and proceeding as required.

T. Kalaiselvan, Advocate (Advocate)     18 January 2020

You three can apply for transfer of revenue records to your names by producing the death certificate and the legal heirship certificate to the concerned authorities in both the places. 

After that you can partition the property among yourselves as per the mutually agreed terms and conditions among yourselves. The stamp duty and other costs have o be borne by you as per law. 


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