Legal Question in Real Estate Law in India
Dear sirs,
I am an NRI working in UAE. I had purchased a house plot together with my share partner on 50:50 stake. My wife's name was given on registarion documents togther with my share partner's name. Now we wish to transfer our stake of this property from my wife's name to my name without disturbing share partner's status. Share partner needs to come for reregistration? Any costs involved?
Asked on 8/30/09, 9:33 am
2 Answers from Attorneys
Rohini Kumar Tenneti
R.K.1080 LEGAL SERVICES
Yes the process is a bit lengthy as all the persons msut be present to sign on the documents afresh and your wife has to transfer her share to you by way of a gift.
Answered on 8/30/09, 9:48 am
Shrichand Nahar
S.V.Nahar, Advocate
Nature of document would decide the costs.
Necessity of your partner depends on nature of property and nature of document to be registered.
Answered on 8/31/09, 1:19 am
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