Legal Question in Family Law in India
Regarding ownership of property
we have a factory in industrial estate ldh. it is in my cousin
brother's name.how can it be tranferred in my or my father's name permanetly through a legal process in which
stamp duty is lowest
3 Answers from Attorneys
Re: Regarding ownership of property
by family settlement.
Re: Regarding ownership of property
Hello.
Good Evening.
It can be transferred by a sale deed but in that case you have to pay stamp duty as levied by the State rules.
The other way is the Gift Deed.
You may consult a local lawyer alongwith all the details.
Re: Regarding ownership of property
You may explore the possibility of a "family settlement" which may not even require any registration. No cost.
Even if registration is required, it may attract lowest duty.
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