Legal Question in Real Estate Law in India

I bought a flat on my and my fathers name. During loan I had taken NOC from my brother and sister. Now loan and everything is settled. And now I and my father have decided to make the flat completely on my name. What do we need to do, what options are available and impact of the same in terms of paying stamp duty/registerations.

Additional info is that flat was bought completely through my own funds.


Asked on 7/04/12, 10:04 pm

5 Answers from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

your father may relinquish his share in your favour.

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Answered on 7/04/12, 10:57 pm
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

your father may relinquish his share in your favour or a gift deed can be executed.

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Answered on 7/04/12, 10:58 pm
Sanjay Kalra Sanjay Kalra & Associates

The above opinion is absolutely absurd . Your father either can sell the same or gift the property to you.

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Answered on 7/05/12, 1:35 am
Global Legist Advocate & Legal Consultants

Hello,

Your father have to make gift deed in your favour.

Execute gift deed.

Once it is executed.

Contact Land department.

Change title of the property.

With Regards

Global Legist

+91 9873400403

[email protected]

www.globallegist.com

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Answered on 7/05/12, 3:33 am
Shrichand Nahar S.V.Nahar, Advocate

Consider a Gift Deed.

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Answered on 8/04/12, 1:39 am


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