Stamp duty for transfer deed
Querist :
Anonymous
(Querist) 04 October 2011
This query is : Resolved
Sir,
What value of stamp paper is required for executing the Deed of Transfer.
There are three floor in a building and by executing Deed of Transfer we wish to transfer one floor each to three brothers. Pl advise whether we have to execute three Deeds of Transfer or one Deed of Transfer, photocopies of which can be exchanged
Regards
KL Bhalla
Sailesh Kumar Shah
(Expert) 04 October 2011
Shri K L Bhalla
1.What value of stamp paper is required for executing the Deed of Transfer.
Answer:In India, Stamp duty is different from state to state. If You belong to UP, I shall tell stamp duty.
2. whether we have to execute three Deeds of Transfer or one Deed of Transfer, photocopies of which can be exchanged
Answer:As per will of both party.
Querist :
Anonymous
(Querist) 04 October 2011
Sir,
We belong to Delhi State and gthe property is located in Rani Bagh, Shakur Basti, Delhi
Regards
KLBhalla
R.Ramachandran
(Expert) 04 October 2011
Dear Mr. Bhalla,
Currently, the property is in whose name?
Raj Kumar Makkad
(Expert) 04 October 2011
Bhalla ji! Civil suit file kro family settlement da te koi stamp duty nhi lagni. It hardly matters ki mkan kide naa te hai. Rohini court vich kise vakil sahab nu engage kro te othe case pa devo. If you require, I can also help you.
prabhakar singh
(Expert) 04 October 2011
The best course is to decide amicably which floor will go to which party then recite the same to be incorporated by a deed called MEMORANDUM OF PARTITION,which should be nicely drafted by a competent lawyer stating that parties have in some time past partitioned their 3 floor building allocating ground floor to A,from which B&C has no concerned at all since oral partition arrived at,and B was allotted 1 st.floor from which A&C do not have any concern,and C was allotted 2 nd.floor from which since said partition A&B do not have any concern and parties are enjoying their respective floor of the building without any dispute,also mention about easement usage and common passage repair etc.as agreed,and sum up that since partition was with terms recited here was oral,parties decided to incorporate the same in writing
so that no confusion as to terms of orally arrived at agreement emerges in future either between parties or between their heirs,therefore they set their hands to this memorandum of their oral partition.
prabhakar singh
(Expert) 04 October 2011
To make it still fool proof let a suit of injunction be filed by one against the two and get the same compromised by a consent decree,every thing would become concrete and
lawful on a very nominal cost as memorandum does not require any stamp duty and can be drafted on a stamp paper of even a ten though that also not required.SUIT of injunction also require only very nominal court fees.
