Legal Question in Real Estate Law in India
My grand father and me had 50 % each undivided share in a commercial propery with rental income . i want to transfer my 50 % share to my grand father , can i do relinquishment deed witout paying stamp duty.
Asked on 8/01/11, 9:14 pm
4 Answers from Attorneys
Shrichand Nahar
S.V.Nahar, Advocate
Check provisions of the local stamp act applicable to area in which property situated and act accordingly.
Answered on 8/01/11, 9:35 pm
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
instead of a simple relinquishment deed, it is better to file a petition before the court and give a statement thereof.
Answered on 8/01/11, 11:17 pm
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
rightly suggested u shuld go for petition...
further if u are going for deed u need to get it registered and that cant be done without paying stamp duty .
Answered on 8/02/11, 12:18 am
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