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Procedure to transfer HUF ownership to personal name?


02-Jan-2023 (In Family Law)

I want to Dissolve the HUF by Full partition. I am Karta with my wife ( Children mother) & 2 sons ( Adults & married) . We have one flat & few financial assets. My both the children want to surrender their share to me & my wife ( children mother) . Please advise what is the procedure for partition Deed where the flat ownership will be transferred from HUF name to the personal name of Karta & his wife. (Children Mother) . I understand Stamp duty is to be paid on flat ( Circle Rate value & Financial assets.) 

Answers (2)

Answer #1
946 votes
As per the fact of your case if you children who are major is ready to relinquish their right in this circumstances those person means your both children will relinquish their right in your favour by relinquishment deed and you shall become the absolute owner of that property or you should file partition suit and make all of them party in that suit. or by partition deed, you and your children and wife shall execute a partition deed oral or written.
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Advocate Rajesh Kumar

Adv. Rajesh Kumar

LawRato Delhi | 25+ Answers
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Answer #2
772 votes
First of all it is important to note that the partition of the HUF property has to be made in equal proportion among all the Copartioners and then whoever related to blood wants to transfer the property in your favour, he or she can do so vide gift deed or vide relinquishment deed in your favour and as accordingly you understand the said deeds require mandatory registration and stamp duty which varies from state to state. Thanks
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Advocate Navin Thakur

Adv. Navin Thakur

LawRatoDelhi | 25+ Answers
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