Family settlement with aunty

hitesh mehta (Querist) 08 August 2015 This query is : Resolved
my present house is jointly owned by me and Two aunties(dad' brothers wife) . but according to family settlement can i transfer the house to two aunties so that they becomes the owner.

regards
hitesh mehta

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Kumar Doab (Expert) 08 August 2015
You should be able to your share by any means e.g. sale/gift/transfer etc

P. Venu (Expert) 09 August 2015
It appears that you have not disclosed the complete facts.

M/s. Y-not legal services (Expert) 09 August 2015
yes.. you can relinquish your rights over the property to anybody..

if it is your aunties also it is valid one..

hitesh mehta (Querist) 09 August 2015
No cash transactions took place and dont want to pay stamp duty is anything could be done

Guest (Expert) 09 August 2015
Release Deed Or Settlement Deed would be Suitable For You.Check with the Senior Document Writers at Your Concerned Registrar Office and Proceed

Rajendra K Goyal (Expert) 09 August 2015
You can relinquish your right, consult local lawyer.

T. Kalaiselvan, Advocate (Expert) 15 August 2015
Any type of transfer of property shall be executed by a registered deed/document alone, so the question of involving the stamp duty cannot be avoided. Do not choose a wrong path to avoid stamp duty and suffer at a later stage repenting the mistake made now.

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