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Property brought in mother's name want to transfer it in my name
02-Apr-2023 (In Property Law)
I have commercial property which I bought it on my mothers name at the time of buying now i want that property again on my name legally,what is the best way to transfer so in future i will not have any problems from my brothers or relative
Gift Deed or Release Deed could be made. Once made can not be revoked by the Donor even in his/her lifetime. You can get regular transfer deed also made and registered but it will attract higher stamp duty and charges. Also, get the gift deed stamped and duly registered.
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Adv. Riddhi Shah
Mumbai | 25+ Answers
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Prepare a Gift Deed and Get it Registered. Since it is in your mothers name , you don't have to pay the Stamp duty of 5 %. But you need to pay Registration Fees of 1%. But this is safe and best way to get property transfer in your name
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