Probate fee on chs flat
seniorcitizen
(Querist) 08 March 2014
This query is : Resolved
Hon.Experts,
I am a senior citizen of 83+ years, I have a query:
I have an ownership flat held jointly with my wife, my name appears first in the share certificate and the registered document. My wife demised several years back, we have no issues.
I want to Will my flat to my niece who has been looking after us for a number of years.
I would request the experts to inform me whether any court probate fee is payable, on my demise, for transfer of the shares/flat, by the nominee/beneficiary of my Will.
Thanking all the experts in advance,
Senior Citizen
ajay sethi
(Expert) 08 March 2014
if your neice applies for probate of will then maximum court fees in mahrashtra is RS 75000 for probate
seniorcitizen
(Querist) 08 March 2014
Hon.Mr.Sethi,
Thank you Sir, for a prompt advice.
One more query, is it true that for a probate on a flat owned under co-operative ownership basis, the percentage of probate fee is considered on the value of the share certificate and not the value of the flat?
Please reply, and thanks once more,
Senior Citizen
ajay sethi
(Expert) 08 March 2014
there is a judgement that court fees would be on value of share certificate and not value of flat . i am unable to lay my hands on said judgement of bombay high court
R.K Nanda
(Expert) 08 March 2014
nothing to add.
prabhakar singh
(Expert) 08 March 2014
The news you are talking about was published
first in dnaindia in 2006,whose link is below:
LINK http://www.dnaindia.com/mumbai/report_now-get-succession-certificate-without-paying-court-fee_1015294
seniorcitizen
(Querist) 08 March 2014
Hon.Experts,
I am sincerely obliged to all the experts for the advice offered. Please accept my heartfelt thanks. May God Bless You All.
Senior Citizen
ajay sethi
(Expert) 08 March 2014
thanks for your appreciation
