Legal Question in Civil Rights Law in India

my sister having property in chennai city limit, she got married and hving childrens, now she wants to transfer her part of property two me, now we need to pay 8% stamp duty or if there is any excemption due to she is my blood relation<


Asked on 1/13/13, 2:28 pm

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

14.01.2013

Dear Sir / Madam,

Since your sister is married and she has children, bequeathing any property or part thereof, if in her name to you needs the consent of all the present beneficiaries of her property. If the property is in the name of your sister's husband, it falls outside the purview of the definition of "blood relation" of the Transfer of Property Act, 1882.

Regards,

FCA Prashant Chavan

Mumbai

(You can mail me for any further on-line advice at [email protected])

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Answered on 1/13/13, 8:10 pm
uttam Tibrewal

dear client.....

If you need to save stamp duty then its better to transfer the property by making gift deed....

or reliniquishment deed/release deed...

for any further queries you can mail me at [email protected]

with regards

uttam

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Answered on 1/14/13, 2:24 am


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