Selling share in house property

Student (Querist) 25 June 2012 This query is : Resolved
Hi, Me and my husband own one house property jointly, i.e. equally. Now I want to sell some of my 50% stake in property to him. In this case - 1. Can I do so? , 2. Whether I've to sell it at market price?, and 3. Whether any documentation(like agreement) needs to be done and what kind of documentation?, thanks,

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A V Vishal (Expert) 25 June 2012
Why do you want to sell to your husband, you can also gift it.

Student (Querist) 25 June 2012
thank you, do I have to register the gift deed

Kishor Mehta (Expert) 25 June 2012
A gift deed has to be registered to be legally valid.
Kishor Mehta

A V Vishal (Expert) 25 June 2012
Yes you have to register the gift deed, the stamp duty and registration charges are minimal compared with a sale deed and varies from state to state.

Rajeev Kumar (Expert) 25 June 2012
No need to add more

Student (Querist) 26 June 2012
thank you all, thank you very much.

M/s. Y-not legal services (Expert) 30 June 2012
yes. for legal validity its should be registered..

but why you want to sale it to your husband?

-y.not legal services-

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