LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Paresh Naik (Executive)     01 October 2013

Transfer of fathers property

Hi All

My father expired in 1999. He purchased apartment in mumbai in 1977, which was solely on his name at the time of death. He did not prepare any will. My mother was nominee of that apartment. Mothers name is available on societys share certificate.

I have one sister. My mother and sister are ready  to transfer above mentioned flat on my name.

Please could you guide me, irrevocable procedure for that.  

Do i have to pay stamp duty and carry out registration. what would be stamp duty and registration cost?

Can decision by my mother and sister can be irrevocable?

 

 



Learning

 1 Replies

T. Kalaiselvan, Advocate (Advocate)     01 October 2013

I have not heard of a word called Nominee for an Apartment, however, if your mother is a joint owner of the apartment and your sister happens to be a co sharer as a legal heir of your deceased father, if both of them want to transfer the property on your name, two deeds are to be made, one being a gift deed by your mother in your favor in respect of her half share in the property (only if she is a joint owner) and the second one a a release deed by both, your mother and sister relinquishing their respective rights over their shares begotten out of the legitimate rights as legal heirs of your deceased father, in your favor and both of  these deeds are to be registered based on which you acquire title over the property in question.  You have to enquire about the stamp duty from the register office sources locally. Advocate Kalaiselvan, ph: +919443441062


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register