Court degree of property
Ajay Agarwal
(Querist) 16 March 2012
This query is : Resolved
If A B C D are four brothers have equal share in a property. (value of property- 30,00,000)
Now, They (A C & D) wants to give a court degree in favour of B.(transfers their rights in favour of B)
They ( A C & D) wants transfer this property in favour of B.
1. Is it compulsory to register the above court degree in Tehsil.
2. If Yes,than what rate of dtamp duty apply on above degree in Haryana state.
V R SHROFF
(Expert) 16 March 2012
It becomes a Family Arrangement, and settled, by releasing their right in favour of their brother.
u did not mention, property is dwelling house or na land or agri / plot./location
Ajay Agarwal
(Querist) 16 March 2012
This property is a Commercial Shop.
Location- New Grain Market, Rewari-123401 (Haryana)
adv. rajeev ( rajoo )
(Expert) 16 March 2012
If there is compromise decree, you need not to pay any stamp duty, just B has to file an application to enter his name enclosing the certified court decree copy.
Nadeem Qureshi
(Expert) 16 March 2012
Dear Querist
i agree with experts
ESTHERPRIYA
(Expert) 17 March 2012
Yes it is better to register the same.
SAINATH DEVALLA
(Expert) 17 March 2012
Dear Ajay,
AS it is a family settlement between your brothers no stamp duty need to be paid.Whatever it is it is always better to register the same,to avoid any future complications.
