Flat share transfer
Resmy
(Querist) 28 September 2012
This query is : Resolved
Myself and my father-in-law holds the flat in joint name . I am repaying the loan. Loan will continue another 6 yrs . My father-in-law wants to transfer his share to my name or my son name . My son is minor . Please suggest what is the best way to go for ,so as to pay minimal stampduty and that would be legal
Devajyoti Barman
(Expert) 28 September 2012
Gift to grandson attract minimal stamp duty which is not do in case of son/daughter in law.
So get it done in favour of your son only.
Devajyoti Barman
(Expert) 28 September 2012
Gift to grandson attract minimal stamp duty which is not do in case of son/daughter in law.
So get it done in favour of your son only.
prabhakar singh
(Expert) 29 September 2012
GET A REGISTERED GIFT DEED DONE IN YOUR MINOR SON'S FAVOR ACCEPTING THE GIFT AS GUARDIAN ON HIS BEHALF.
GET IN TOUCH OF A LOCAL CIVIL LAW LAWYER FOR DEED DRAFT AND REGISTRATION .
Resmy
(Querist) 30 September 2012
thanks for the solution
V R SHROFF
(Expert) 30 September 2012
LET FIL GIFT IT TO UR SON. Register g deed.
Raj Kumar Makkad
(Expert) 30 September 2012
Registered Gift is the best remedy in the given case.
