We were two siblings, elder brother & younger sister (married). Immovable property, a re-sale flat in a CHSL, in Pune was bought in the joint names of both our parents with their savings. They expired 2 years back without leaving a Will. Nominee of the Share Certificate was elder brother who suddenly expired 6 mths back, without a Will, leaving behind his wife & minor daughter.
The Share Certificate of the CHSL has been transferred in the name of the wife. But the electricity bill & the Property Tax Receipt are still in the names of my late parents. The Index II is in the names of both my parents. The wife now wishes to sell the flat with clear Title Deed. I do not want any part of the property and want the property & the Fixed Deposit's in the banks to go to the wife & her child (i.e. my bhabhi & my niece).
When enquired with the Sub-Registrar of Assurances we were informed that the wife's name cannot come onto the Index II unless she sells the flat.
Approached the Property Tax office and were informed by the officials there that the property tax must be paid till date, then make application to the Property Tax Office with Affidavit mentioning names of my late parents & my late brother, Indemnity & NOC from Society & after that the name of the wife will be included in the Property Tax Receipt. They informed that on the basis of the changed named on the Property Tax Receipt then the wife can sell the flat in the CHSL.
My query is:
1. What makes for clear Title Deed in favor of the wife? What is the procedure to be followed? Is clear Title Deed in ones name and Mutation the same thing? What is the difference?
2. Do the name of the wife need be put onto the Index II? Which are the other ways in which the wife can be shown as the owner of the property for sale purposes?
3. The Share Certificate is in the wife's name. Name change on the Property Tax Receipt will be done shortly and then, can a flat in the CHSL be sold on the basis of the Property Tax Receipt which is in the name of the wife's name? What are the pro's & con's if we follow this method?
4. I do not want any share either in the property or in the FD's and have no interest in them. There are no living relatives of my parents. The bank has informed that Succession Certificate is needed for the FD's since nominee name was not given. However is a Succession Certificate still required to show ownership of my bhabhi in the flat?
5. What more can I do to make for easy transfer of the flat in my bhabhi's name?
Many thanks in advance for your replies.