Transfer Of Property

Sohan (Querist) 23 September 2015 This query is : Resolved
Hi, me and my wife as decided to divorce with mutual understanding in which she is ready to transfer flat which is in joint name, we have not yet got possession of this flat. I am planning to get this flat transfered to me by Gift Deed so that I can save money on stamp duty, kindly suggest if I can do so. This flat Is in Maharashtra.

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P. Venu (Expert) 24 September 2015
The transfer could be effected through a registered gift deed. Howver, under Muslim personal law, 'hibba' need not be registered.

Rajendra K Goyal (Expert) 24 September 2015
You can proceed with the registered gift deed.

Sri Vijayan.A (Expert) 24 September 2015
Proceed with registered deed

Dr J C Vashista (Expert) 26 September 2015
Registered Gift deed attracts same stamp duty as that of Conveyance Deed (in Delhi) please check it in Mumbai.

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