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Procedure to add nominee in property
24-Aug-2023 (In Property Law)
What is the procedure to add a nominee to a 40 year old property where society is not formed and the title is with the developer?
You should add the nominee only once the society is formed or else if the person wishes to give the property to a person then make a will and keep the Will in that persons name whom you think is ideal for the nomination too
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Adv. Garima Anil Mehrotra
Mumbai | 500+ Answers
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What if there is no nominee in property?
The Hindu Succession Act states that if there is no will, or no legal heir is named, then the property will be distributed equally according to the following principles: Equal distribution between all Class 1 heirs. If there are no Class 1 heirs then the property will be distributed equally amongst all Class 2 heirs.
How do I make someone a nominee for my property?
How to nominate property. After the registration, you will be the sole owner. You can then execute a Will in favor of the person who you wish to make a nominee. It would then come into effect if you were to suffer an unfortunate event.
How do you transfer property to nominee after death?
These will be passed on to the joint owner if they are joint. If nominated, they will go to the nominee. The heir must apply to the company to transfer shares in his name. He will need to submit the following documents: physical certificates of shares; attested death certificate; succession certificate and PAN card. 27 Nov 2023
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