HUF Partition and Transfer of Property
Jagesh Shah
(Querist) 08 June 2009
This query is : Resolved
For an HUF having properties in two states, whilst division one member getting the property in Mumbai and the other 4 getting an undivided share of a property in Vapi, Gujarat.
Kindly guide as to -
1. Should the partition deed be executed fully encompassing both the properties in one deed, or two deeds so as to facilitate the registeration and transfer of these properties differently in both the two states?
2. What would be registeration charges on these properties - Full rate of 6% or a differential lowere rate?
Y V Vishweshwar Rao
(Expert) 08 June 2009
1- It is better to execute a Regd Release Deed by all others in favour of One - inrespect of the Mumbai Proerty
2- Partition deed by all inrespct of the proerties situated at Gujarath -givign the proerty to the four share Holders /jointly / or/ seopparatly
3- stamp Duty is to be paid as applicable in concerned state/s
