Hi,
We (my parents & myself) have a property (Flat) on our joint names. i.e.
1) Fist holder:Myself (Son)
2) Second holder: Father
3) Third Holder: Mother
The property is in Mumbai and can be called a second home.
Now, we want to remove my name from this property and give 100% share to my parents.
My queries are:
1) What is the procedure to do this name transfer?
2) Is there any online way of doing it?
3) Can I just give my consent on Stamp paper that I am voluntarily removing my ownership from the property? Is it legally valid?
4) How much expenses can be incurred for this?
5) Has Govt of Maharashtra removed Stamp duty & registration charges for property transfer within immediate family (blood relatives)?
