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B R S 3 3 0 (Abc)     29 October 2012

Change of name after death of joint owner

My father booked a flat about 6 years back. But due to the fact that it is a central govt housing society flat, it was booked under the name of my grandfather who was a central govt employee and my father wasn't. The entire money was paid by my father. At the time of registry, it was registered in the names of my grand father as the first holder and my father as the joint holder... a year back my grandfather left us for his heavenly journey. All members of the family know about the fact that the flat was paid by my father's money and all his brothers and sisters have agreed on giving their so called legal share to my father. My grand mother expired long ago. My query is basically can the experts suggest the cheapest way or the easiest possible way to have the property legally named only on my father so that in future there is no dispute or claimants. Making a new registry would mean paying about 7% tax...is there any other way...



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 2 Replies

Varun Desai (Advocate)     29 October 2012

Hi,

As property purchased by your grandfather and father the legal heirs of your grandfather entitled share in your grand father property even though funding done by your father but as per law all legal heirs of your grand father entitle share in property but as you mentioned all are ready to relinquish their respective share in the above mentioned property than you can go for relinquishment deed than your father become absolute owner for entire extent of the property

Bharatkumar (ADVOCATE )     29 October 2012

YOUR GRANDFATHER IS DEATH SO ALL HIS  LEGAL HEIRS RIGHT IN THIS PROPERTY BUT ALL ARE GIVE THEIR RIGHT IN YOUR FATHER FAVOUR SO U REGISTRATION A relinquishment deed, THEN YOUR FATHER IS ABSOLUTE OWNER OF THIS PROPERTY.  


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