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Adding Co-Owner to a Registered Deed
15-Jul-2023 (In Property Law)
I have purchased a proprty on loan but erroneously not entered my name as Co owner in Property Registration. The property is in my fathers name. Although I am co borrower and I pay the emis in full. Now, I wanted to make an ammendment to include my name as co owner in a Rectification deed, and also want to know what will be the tentative charges.
You can make a rectification deed and place the same for permitting by the registrar and also the registrar will issue a query slip therefrom the stamp duty and registration cost can be easily assessed. This way many of my clients got relief. All the best and regards
Helpful?
Adv. Ujjal Kumar Ray
Kolkata | 200+ Answers
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Hello sir. I don't think you can rectify the existing registered deed. Though you have an another way. Your father can gift the 50% share in favour of you then you can become the co-owner of the property. But let me know have you any siblings. If no then personally I suggest you not to do anything as after the lifetime of your father you become the owner. The registration cost of the gift deed is about 3% on the present market value of 50% share of the property.
Thanks with regard.
Thanks with regard.
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Adv. Diptiman Pal
Barasat | 200+ Answers
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