Legal Question in Real Estate Law in India

can you pls tell me if any stamp duty or any other fee is applicable for the below . There is propert in name of 4 members (brother +3 sisiters ). I am a nomiinee of all share memebers.

One of the member expired and property of that share is getting transfered in nominee's name .All required papers have been submiited . It is a co operative society.


Asked on 8/31/13, 10:42 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

01.09.2013

Dear Sir / Madam,

No Stamp Duty is required to be paid, to file a Nomination paper of the legal heir with the Society.

Regards,

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Answered on 9/01/13, 7:32 am
Shrichand Nahar S.V.Nahar, Advocate

Transfer of shares on death of member in favour of a nominee does not require any stamp duty.

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Answered on 9/02/13, 12:10 am


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