Process to add a co-owner applicable stamp duty and registration fees
1 month ago
My mother owns as loan free 1 RK (192 sq ft) studio apartment home in Maharashtra's Talegaon Dabhade (Varale) area. She wants to add me as a co-owner on the property. That's because she does not have time to look after the house, tenants, and attend society meetings. I wish to know the process, applicable stamp duty, and registration fees applicable on this transaction in my state.
A.Dear Client,
To include a co-owner, a new deed must be drafted and registered at the sub-registrar's office as per the Transfer of Property Act to ensure legal validity. This can be accomplished by executing either a sale deed or a gift deed, transferring a specific portion of the property to another individual, thereby making them a co-owner.
To include a co-owner, a new deed must be drafted and registered at the sub-registrar's office as per the Transfer of Property Act to ensure legal validity. This can be accomplished by executing either a sale deed or a gift deed, transferring a specific portion of the property to another individual, thereby making them a co-owner.
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A.Dear Client,
To add a co-owner, a new deed has to be created, which must be registered at the sub-registrar's office to attain legal validity under the Transfer of Property Act. This can be done either by creating a sale deed or a gift deed for a certain portion of the property in favor of another person to make him a co-owner of the property. Reach out to an Advocate for guidance and steps.
To add a co-owner, a new deed has to be created, which must be registered at the sub-registrar's office to attain legal validity under the Transfer of Property Act. This can be done either by creating a sale deed or a gift deed for a certain portion of the property in favor of another person to make him a co-owner of the property. Reach out to an Advocate for guidance and steps.
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