Joint memeber name cancellation from society records

Step 1: For deletion the joint name, get the gift deed registered with the Registrar (stamp duty may be based on
              the latest market value slab - please check this out.

Step 2: After registration, provide the certified/notarized copy to the Society and ask for deletion of the name.

Step 3: Post deletion, the shares would stand in the sole name of your husband. If he is going to nominate
             you and your child, there is no need of addition of your name since it would entail further process
             and expense. Get the nomination form from the society and the register the nomination in favour
             of yourself and the child (mention the proportion of share in the nomination).

             Nomination form is in triplicate. When you give the nomination in triplicate, society will return you the 2nd
             copy as acknowledgement and post registration would return you the 3rd copy duly endorsed by the
             Secretary/Chairman or MC Member

Thank you very much Mr.Vasudevan for your immediate reply.

Is presence of my Brother-in law necessary for Registration and stamp duty payment or any other legal formalities? He is not available right now.

Regards,

Amee

It is necessary. In case he is abroad, a Special Power of Attorney may be executed by him in favour of  a person (other than the party beneficiary, viz. your husband) for execution of registration on his behalf. Please approach a

lawyer, who will properly draft it and get it duly notarised/registered. He would explain the procedure.

vasudevan

Dear sir,

Our society is not yet registered. Do we still have to pay fees to Sub-registrar? Also, stamp duty and registration charges should be calculated upon what? i.e.whether to pay it to the extent of my Brother-in law's share in property or full amount of property?

Also is there any validity period for Gift deed?

Regards,

Amee