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Release deed and succession certificate
22-Jul-2023 (In Property Law)
Sir,
My parents died intestate.they were owning a 3 bhk ownership flat at Prabhadevi, Mumbai. I and my fly were residing with them. We are two brothers. My younger brother wants to transfer his share of the flat to me thereby making me the sole owner.
1.Could you please guide and tell me the correct procedure that has to be followed by me for the property to be legally transferred in my name. The property is in Mumbai.
2. Please also inform me the charges that I have to incur with regard to transfer of flat.
3. Kindly also inform me the time period that will be taken for the flat to be legally transferred to my name.
you have to initially apply for successiom certificate or legal heriship certifiicate in the court wherein you and your brother has to be a party to it and your borther had to give noc to transfer the flat in your name solely and then after the procedure you shall get a guft deed registered from your brother in your name and wholly the entire property will be in your transfferred successfully
Helpful?
Adv. Brahmanand Dube
Navi Mumbai | 400+ Answers
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Hello
Advocate Minakshi Ovhal here
your brother can make release deed in favour of you. make release deed must be register. once u get release deed then you can get shares certificate from society. then make an application to property tax for add your name on property. thank you
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Adv. Minakshi Bapu Ovhal Dakhane
Pune | 200+ Answers
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Hello!
Firstly you will have to obtain heirship certificate and then execute release deed. expenses will depend upon the market value of the property. it will take about 6 months to one year for obtaining heirship certificate. procedure for transferring younger brother's right will take max 1 week. for further detail discussion you can connect with me over call
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Adv. Shweta Joshi
Pune | 100+ Answers
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