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Should I do mutation for a joint property or later when single owner?


12-Aug-2023 (In Property Law)
Dear Sir/Madam, I have a joint property (flat) with my mother. It is under home loan now and 5 years left in home loan. When home loan completes I want ownership from joint to single (myself) by gift deed. So, should I do mutation of property now or later on after ownership transfer ? If I do mutation now, will I have to do mutation again when ownership is changed from joint to single ? Property falls under Dumdum Municipality. Thank you, Sukanta Chakraborty
Answers (2)

Answer #1
937 votes
To give opinion, it is necessary to know whether you are single child or you have other sibling also. As the property is in joint names so you may suffer that's why it is necessary to have certain safeguards. To get my legal opinion professionally upon online payment, you can whatsapp.
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Answer #2
901 votes
First of all I have few questions:
1. whether you and your mother inherited the joint property from your father? if yes, then my suggestion will be that you can mutate your name into you and your mother's name.
But if you have a plan to be the owner of the property by way of gift deed after completion of the home loan, in that case my suggestion will be that there is no need to mutate your name right now. First you complete the home loan then be the owner of the property by way of gift deed then on the basis of that gift deed you mutate your name into yours. otherwise you have to bear the expenses of mutation two times
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