Transfer title/interest/ownership
Deepak Agarwal
(Querist) 12 October 2015
This query is : Resolved
Sir,
Brief
I have a property in the name of father & mother, the % of share in property is not mentioned in the agreement. Mother is expired & the society has transferred the share certificate in the name of my father (earlier both name of present in the share certificate).
I have 1 brother and 2 sisters along with me, i.e. we are 2 brothers & 2 sisters. We are all married and staying separately. Of course, I am staying with my father.
Now, my father along with brother and sisters would like to transfer title/interest in said property to my name and ready to do legal formalities.
I have heard about some cost such as stamp duty, registration apart from legal fees are attached towards transfer of title/interest of property. In this relation, I have below queries.
I know there are 3 ways to serve above
1. Will
2. Release Deed
3. Gift Deed
4. Suggest any other option
Query
What are the best ways to transfer title/interest/ownership of property in my name in view of below
1. Secured (i.e. cannot be challenged in future)
2. From low cost perspective
3. Suggest proms & cons
Deepak Agarwal
(Querist) 13 October 2015
Request experts to revert asap
Advocate Ravinder
(Expert) 13 October 2015
What are the best ways to transfer title/interest/ownership of property in my name in view of below
=Family Settlement Deed.
1. Secured (i.e. cannot be challenged in future)
=secured, cannot be challenged in future
2. From low cost perspective
=low cost perspective
3. Suggest proms & cons
=as stated above.
Contact me to my email. I will explain you in detail.
Rajendra K Goyal
(Expert) 15 October 2015
Consent of all the legal heirs of your mother is required. Hence family settlement deed would be better.
T. Kalaiselvan, Advocate
(Expert) 19 October 2015
If the property was jointly owned by your parents, upon the intestate death of your mother, her share in the property will devolve equally on all her legal heirs, i.e., your father and all the four children, so towards this share, all the other legal heirs can execute a registered release deed in your favor and as fare as the balance share in the property lying in your father's name, he may execute a registered settlement or gift deed in your favor, together with both the deeds in your favor, you may register the property on your name and can mutate all the revenue records and the share certificate of the society. Thus you can have a marketable title on your name.
Deepak Agarwal
(Querist) 20 October 2015
Thanks sir,
but may be this involve high cost, where as I am looking for advice from below perspective
Query
What are the best ways to transfer title/interest/ownership of property in my name in view of below
1. Secured (i.e. cannot be challenged in future)
2. From low cost perspective
3. Suggest proms & cons
Guest
(Expert) 20 October 2015
The Release Deed / Settlement Deed Would be the Best Cost Wise based on the Legal Heir Certificate.First Obtain the LHC and get the Deed drafted by A Senior Document Writer in the Concerned Registrar Office
Deepak Agarwal
(Querist) 13 January 2016
Dear Experts
Happy New Year !!!
Request you to share the format of a draft deed for
1. Family Settlement Deed
2. Release Deed
Thanks
Deepak
Advocate Ravinder
(Expert) 13 January 2016
The formats will be bigger in size. It is not possible to explain in details here. I have to collect some facts from you. It is better to contact my email.
Guest
(Expert) 14 January 2016
Consult the Senior Document Writers Near Concerned Registrar Office.
Advocate Ravinder
(Expert) 14 January 2016
I Agree with Rajkumar. But the draft written by Advocates will be of a good quality comparing to the persons who sits at the registrar office.
