Nikhil SHETTY 06 March 2022
Shashi Dhara 07 March 2022
For consideration he can sell it to blood relatives if it is self acquired.
Palak batra 07 March 2022
Dear Querist,
A Sale Deed can be considered as the concluding part of a property-purchase process. It is an agreement which states that two parties will conclude the sale within the prescribed time period after executing the agreement to sell. It ensures that the ownership of the property is transferred to the buyer. During the registration of the deed, stamp duty and registration fee must be paid. Also, if you are the seller of the property then the taxes on capital gains will be applicable.
Transfer in Blood Relation means to transfer the ownership of Property in relation to blood during Lifetime. Only, the Original Allottee of Property can transfer his/her ownership in Blood Relation.
No Stamp Duty is required in case of transferring the ownership in Blood Relation.
Regards,
Palak
Nikhil SHETTY 08 March 2022