House rights of a daughter in law
De
(Querist) 17 April 2013
This query is : Resolved
We got married in 2009 and inlaws tricked my husband into buying a property in trichy worth 30 lacs.we are abroad and this was bought by my father in law in my brother in laws name.now i have a baby and i asked my husband to transfer the property to my name for our future security.but my father in law( fil )said it is not possible to transfer to my name nor my husbands name as it will cost 2-4 lacs,so he wants it to transfer to my mother in laws name.....
My question how much i stamp duty for transferring to my or my husbands name?
2) if we transfer to my mother in law what are our rights on that property? She has 4 more daughters and one son other than my husband..my doubt is they are transferring it so that their daughters get a share......its purely our income.....
M.Sheik Mohammed Ali
(Expert) 17 April 2013
very simple your father in law made gift or relinquishment deed its cost very low, or give settlement, if transfer as like sale deed its cost is high 8% of total amount.
Devajyoti Barman
(Expert) 17 April 2013
1. The stamp duty differs from state to state.
However one thing can be said that the stamp duty required for gift deed to be in favour of your children and your mother in law is same.
2. Transfer in name of your mother in law would be no help to you or the children.
Shashikant V. Patil
(Expert) 17 April 2013
If the 30 lacs are paid by you to buy this property, as per your statement, and now your father-in-laws now willing to transfer in the name of daughter -in-law on account of 2-3 lacs expenses for registration and stamp duty etc. In such circumstances, you should spend another 2-3 lacs is not worth to get the property in your name. Otherwise , it will never happen. If he is ready for gift deed also a worth solution.
Adv k . mahesh
(Expert) 17 April 2013
go for gift deed where ever it is less stamp duty on your name
malipeddi jaggarao
(Expert) 18 April 2013
I endorse the views of expert Mr.Devjyoti Barman as far as transfer of right in the property is concerned. Is it the exclusive money of your husband or you have also contributed in the amount for purchasing this property. If it is the exclusive money of your husband, his views are important. If you are going against his views it will hurt his feelings. Moreover, your in-laws might be having their self-acquired. If you insist this against the wish of your husband, they have every right not to give any share to your husband in their self-acquired property. These are the sensitive family affairs attached with lot of sentiments. Hence I advise you to have a free and frank discussion with your husband before making demands against his family. After all he has been brought up to this level by his parents. You have entered in their life just 3/4 years back. I would not have suggested this had the query initiated by your husband.
