Rakesh (Clinical Research officer) 25 February 2014
Hi
I want to add my wife's name on my property in Mumbai so that she becomes a co-owner(50%). I have been advised that that the relatively easier way of doing it is tthorugh a gift deed.
What would be approximate cost for doing a gift deed and getting in registered for a property which is worth approximately 50 lakhs.
How much would be the approximate solicitiors fees, stamp duty and registration fees and do I have to pay the society as well??
Many thanks
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 28 February 2014
1. Stamp duty = 2% of the rateable value, on the 50% Gifted portion of the Flat.
2. Registration fees =1% of the Gift Deed value.
3. Society membership entrance fees = 100/- + Forms
4. Advocate Fee = Depending ....
SUGGESTION: Avoid doing, what you intend to do. Instead make a Registered WILL, in her favor.
Keep Smiling .... Hemant Agarwal
https://hemantagarwal21.blogspot.in/?view=sidebar
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 28 February 2014
1. Stamp duty = 2% of the rateable value, on the 50% Gifted portion of the Flat.
2. Registration fees =1% of the Gift Deed value.
3. Society membership entrance fees = 100/- + Forms
4. Advocate Fee = Depending ....
SUGGESTION: Avoid doing, what you intend to do. Instead make a Registered WILL, in her favor.
Keep Smiling .... Hemant Agarwal
https://hemantagarwal21.blogspot.in/?view=sidebar
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