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How to proceed with selling of property in brother's name
29-May-2023 (In Civil Law)
Respected Sir/ Madam, I want to sell my property to my brother. But the buyer (brother) is not willing to pay for stamp and registration fees. He is telling that he will deduct the money from the set forth value which he will give me. I don't want that. What to do? And how to sell the property?
Hello,
You can sell the property be means of a "Sale deed". Go to the registration office along with the stamp deed and register your document.
If your brother is not willing to buy the property and pay the requisite fee, then you should consider selling to another buyer.
You can sell the property be means of a "Sale deed". Go to the registration office along with the stamp deed and register your document.
If your brother is not willing to buy the property and pay the requisite fee, then you should consider selling to another buyer.
Helpful?
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You give the property to your brother through the way of execution of settlement deed and it will automatically minimize the stamp and registration fees unlike the execution of sale deed and you are able to opt release deed when compare with sale deed.
Helpful?
12+
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Adv. Saravana Kumar
Coimbatore | 100+ Answers
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Reg to your post to avoid Stamp duty if it your own brother you can give this property by way of gift deed it will cost you slap rate of 20000 to transfer any of the immovable property. I hope I clarified your answer
Helpful?
10+
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Adv. Mohamed Ashick
Chennai | 100+ Answers
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