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Can land be transferred to other spouse name through settlement deed
11-Jun-2023 (In Property Law)
I have purchased a land measuring 5 biswas situated in bilaspur ( Himachal pradesh) in the name of my wife. I want to construct a house on the same by taking house building laon from department as I am center government employee. but as per new rule the land should be singly in my name or jointly with my my spouse.we both belongs to himachal pradesh.I want to know whether my could transfer half of land in my name for the welfare of family.can this could be done through settlement deed. kindly help me.
If the property is entirely in her name then she can relinquish half of the share in the property to you by executing a relinquishment deed in your favour. Apart from that she can transfer by way of gift deed if the property is entirely in her name. The settlement deed would be required only if you both are parting ways and getting divorced.
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Adv. Samyak Raj
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What are the limitations to challenge a settlement deed?
It is generally three years. However, it cannot be unilaterally revoked.
Can a property be transferred through settlement deed?
A sale deed will be used when a property is sold. 08-Sept-2023
What is the charge of settlement deed in Tamilnadu?
Registration of Settlement Deed
Below are the registration fees to be paid if settlement is made: Stamp duty, which is 1% the value of the property up to a maximum amount of Rs. 25000. Fees of 1% the value of the property up to a maximum amount of Rs. 23-Oct-2023
What are the conditions for a settlement deed?
The terms of the settlement must be agreed upon by all parties. Free consent should not be influenced by external elements like deception, coercion or deception. Both oral and written agreements can be accepted. All parties must sign the written agreement if it is written.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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