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Saurabh Nene   13 June 2020 at 10:15

Transfer of rights in joint property

I hold a joint property with my Brother in Pune, Maharashtra. This is a self acquired property. We both had contributed some amount, out of our own sources and also borrowed housing loan. We are contributing 50% each for housing loan EMIs.
Now, I want to transfer my rights in the said property in favour of my brother. He will pay me, the amount contributed by me initially and he will also take over the balance amount of housing loan i.e. (he will alone pay the EMIs henceforth). My Queries:
1. Which document shall I execute for transfer of rights, Gift Deed or Release Deed? Which option will save Stamp Duty?
2. While determining the 'Market Value' of the Property for Stamp Duty purpose, whether the balance amount of Loan will be deducted from the actual property value? Can it be treated as 'encumbrance'? Will it help in saving stamp duty? If not is there any other way out?
Please advice me on above. Thank you all experts in advance

Rishabh Saxena   06 June 2020 at 19:51

Converting ews certificate language hindi to english

my ews certificate is in hindi language but in IIT admissions, they want the certificate language must be in english while my certificate format is same as in english given in their site so what should I do? I belongs to Banda district in uttar pradesh.

Riya Malhotra   30 May 2020 at 12:03

Business registration

i want to get my business registered

Anonymous   28 May 2020 at 09:28

Notice under section 138 in the negotiable instruments act

Dear Experts ,

I have given a loan to one of my friend , Loan Agreement (Notary) is also made with terms and conditions.
He has given Post Dated Cheques , 3 payments are cleared by him , but now he is giving excuses for other pending payments.
All cheque details with cheque numbers are written in Loan Agreement .

I am going to submit 5 pending cheques and I am 100% sure they will be bounced.

My Question to experts , for first instance can I my self send notice under Section 138 in The Negotiable Instruments Act, for payment of dues ?

If yes can you please help me by providing a very strong wording for the notice.

Best Regards



Dipen   23 May 2020 at 19:57

Notice of intimation_housing loan

Respected Experts,

I have seen Banks filing Notice of Intimation to Registrar's office in case of Housing loans?

What is the purpose of this (apart from mandatory requirement)?

Will any buyer be intimated when he goes for registration of property that the property is mortgaged one?

Regards,

Anonymous   15 May 2020 at 14:53

Using short name on property purchase insted of full name

Sir, I had bought a flat in 1997 with my name as B.K Tiwari. However in documents such as PAN/AADHAAR etc my name is Basant Kumar Tiwari. Is it legally valid and if not what is the remedy?

Anonymous   18 April 2020 at 17:05

What is the death benefit to practicing advocate family

i want to ask what is the death benefit to an advocate's family after his death and if is will give to minor child only or major also?
if advocate's wife is dead and he has two major sons they will get any benefit after his death?

jaideep   13 April 2020 at 23:56

Rto registration 2nd hnd car in case of inter-state purchase

Dear expert I want to purchase 2nd hand car from Delhi and get it registered in madhya pradesh, car is 2011 model price is Rs 210000/- now my point wise question is:-
1.on wh amount i have to pay RTO tax in madhya pradesh
2.in madhya prasesh RTO is rs.94 per quarter for 4 wheeler for unladen weight 800 to 1600kg
3.life expectancy of vehicle is 15 years from date of purchase of new car.
4. suppose the registration date is 01/01/2011 and transfer date is 01/05/2020,from which date tax is calculated for RTO purpose,is it from 01/01/2011 or from 01/05/2020 and what is the amount. of tax

shyam lal   13 April 2020 at 13:40

Witness

I have signed agreement later got it registered in which the photograph of both signatory are affixed,but at a latter stage I find the two witnesses who also signed the document. There photos where not affixed nor asked for, Query why is not required?

Anonymous   09 April 2020 at 09:14

Whether power of attorney valid through registered will

I have come across a peculiar case wherein. The Executant aged about 85 years has issued a Registered Power of Attorney in favour of his Company Manager to look after all company related issues/Settlements etc and the Executant has also made a WILL stating that even after his death the Attorney holder should act according to POA without any 3rd party intervention or from any family members and the Executant also prefers that the Power of Attorney should be in Force even after his death which is clearly mentioned in the Registered WILL. Since the Executant prefers to have Validity of POA even after his death... whether the Attorney holder can exercise his powers as per POA and WILL even after the death of Executant ?