I am my father are joint owners of a property in Belapur which we purchased in 2010. I am the first owner with 50% rights and he is the second owner with remaining 50% rights. Now however due to financial and personal reasons he is purchasing my 50% share and I have no problem in making him the sole owner of the above property. Now as per my understanding we need to calculate the value of the property through the ready reckoner. Here please will you guide us to the amount we need to pay as stamp duty and registration for transfer of my 50% share. Are both these amounts halved? Also what is the percentage of stamp duty and registration? Secondly do we need to pay my society any charges for transferring my share and obtaining a NOC from them as well as obtaining new share certificate wholly in my father's name? Many thanks!!
