Amar Nigam (Engineer) 26 February 2018
Kumar Doab (FIN) 26 February 2018
An owner e.g; brother as in your query of 50%share , can dispose his/her share in his life time by a valid/registered deed in favor of anyone…………..e.g; gift/sale/release/relinquishment/transfer/settlement deed etc
In our case the property is pledged to lender due to home loan therefore the title must not be alienated without consent to lender…
1st check with lender that may agree and may like to evaluate the paying capacity of your spouse or you in such case as posted by you…
Stamp duty/charges are state subject and you can check from SRO…
In case of blood relation/relatives IT may be NIL/ negligible…
Amar Nigam (Engineer) 27 February 2018
What would be your suggestion? Should I go with gift deed or a transfer deed?
What is the difference between these two and which one is permanent ?
Regards,
Amar
Kumar Doab (FIN) 27 February 2018
What is the response of lender?
Generically speaking; both are valid for alienation of title and are to be registered.
Gift is without consideration.
In case you have some reservations that you do not wish to mention in thread you may also consider sale deed…………….
Any deed is subject to concurrence of lender…till property is mortgaged.
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