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Selling an old house in Mumbai
22-Jun-2023 (In Property Law)
My father is trying to sell an old property in Mumbai that was owned by my grandfather, and then by my grandmother and eventually by my father. The flat was purchased while it was under going construction so there is no history before that. We were wondering what are the necessary steps to take to assure a legal transfer since the only document we have is a share certificate from the cooperative housing society and what would be the cost of the entire procedure in Mumbai?
We were suggested that doing a title verification and a sale deed would suffice. Do we have to pay stamp duty and registration charges?
Hi,
The query here as I understand is related to the Title Documents available with you at the time of Sale.
While the said Property was purchased and owned by the Grandfather was it been then transmitted by Succession or by Nomination? who authorised it?
Was a succession applied in court? or was there a Will? If not done, how was the property transferred from Grandfather to his Wife and then to Son? Important to know and address it accordingly.
Why would someone buy this property unless the title is clear and marketable.
Helpful?
Adv. Sarthak Shah
Mumbai | 100+ Answers
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Hello
Adv Minakshi Ovhal here
you can sale your flat. do you have title of ownership. registration charges 1% and stamp duty is depends on area. other Advocate fees. can more information you can call me. thank you
Helpful?
Adv. Minakshi Bapu Ovhal Dakhane
Pune | 200+ Answers
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