Balaji (Manager) 11 February 2012
Dear Friends,
My self and my friend bought a flat in chennai with joint ownership of 50% each at the cost of 20 lakhs each in the year 2008. From on that day onwards I was residing in the flat and notional rental amount was given to my friend. I am planning to buy the rest of the portion also and my friend to sell the same to my name.
Pls suggest what steps need to be taken .
What's will be the legal portion need to be taken and is it possible to get the bank loan for the same.
Regards
Balaji.B
Shantilal Pandya ( Advocate) 11 February 2012
Getit partioned mutually with a partition deed , or get release deed executed by your friend
Bharatkumar (ADVOCATE ) 11 February 2012
Partition Deed or Release Deed or Gift Deed registration in Registrar Office in your favour.
Shantilal Pandya ( Advocate) 11 February 2012
gift deed would not be workable since it is without consideration and the release deed and partition deed may be for its value
Chaitanya_Lawyer_Mumbai (Lawyer) 17 February 2012
Get the sale-deed or release deed done.
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