Dear Board,
I live in UK and I have a House and Land in india. I wish to transfer this to my mothers & Fathers name (as joint). The property is in Thanjavur, Tamil Nadu.
How do I do it?
Thanks
Vaidy
vaidy 07 April 2016
Dear Board,
I live in UK and I have a House and Land in india. I wish to transfer this to my mothers & Fathers name (as joint). The property is in Thanjavur, Tamil Nadu.
How do I do it?
Thanks
Vaidy
You can do it but then their succession law applies and it may go to others also.
Now Some state like Maharashtra have reduced stamp duty for transfer in internal family property . Regarding Tamil Nadu better some one from that state only ans.
Looking at Stamp Act of that state it has to be decided Whether Gift Dee/Sale Deed will be feasible or any other thing
Kumar Doab (FIN) 07 April 2016
Repeated query:
https://www.lawyersclubindia.com/forum/Transfer-of-property-amp-land-135497.asp#.Vwcnu5wrLIV
kavksatyanarayana (subregistrar/supdt.(retired)) 07 April 2016
The stamp duty for a gift settlement in favour of parents leviable @1% on the estimated value by the donor or Market value as per market value guidelines whichever is higher. If you have a well wisher (either by relative or friend) in India, then ask him to get the gift deed prepared on stamp worth Rs.100/-(the remaining stamp duty will be levied by way of government challan) and send the deed to you with a blank NJ Stamp for Rs.100/-. Then you can sign the gift deed on all the pages, and make an Attested Power of Attorney in favour of your well wisher in UK and get it be attested by Counsellate authority of India in UK. after receipt of all the documents, the gift deed with attested power of attorney be presented in sub registrar office conerned.
vaidy 07 April 2016
Wow. Thank you for the quick response and will proceed through this route.
Thanks
Vaidy
S.N.Raj Kumar (Advocate) 16 May 2016
Brother, u can make settlement deed in favour of ur parents , stamp duty is Maximum 25,000/- + registration fee 4000/ + Computer fees 100+ Cd fees 50/- OR 1% stamp duty on the property Value + 1% Registration Charges ( u can opt whichever is less ) If u have any doubt Pl.call me 09841127561,
Kumar Doab (FIN) 16 May 2016
Pls initiate one thread and continue with original thread.
https://www.lawyersclubindia.com/forum/Transfer-of-property-amp-land-135497.asp#.Vwcnu5wrLIV