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sarojsagay (association)     21 April 2013

transfer of share between family members abroad

We are 5 brothers and sisters, we live in Europe and we have an inherited house in Chennai. I am one of the sisters, and willing to purchase the house from them and they are ok but none of them can travel back to India.  I am planning to live there, with my son who is OCI. I will pay my brothers and sisters in euros.

How can this transfer/sale between brothers/sisters be made out here so it is valid and registered in Chennai ?

What are the taxes to be paid to the indian authorities ?

Thanks for your advice



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