645+ Lawyers are online 
Transfer my share in property to mothers name by Relinquishment deed
20-Jun-2023 (In Property Law)
Son and Mother of a Hindu Family jointly purchased a flat measuring 50 sq yard in Vaishali Ghaziabad, First name owner Son is a corporate employee and mother has been shown as co-owner is house wife (filing income tax return). Son wants to sacrifice his share in the name of monther. What is cost effective way of transferring share ? Wheteher RELIQUISHMENT DEED will work ? If so what will be expenditure towards stamjp duty etc. ?. .
The stamp duty in case of property transfer by way of sale or gift deed is the same—4% for men and 6% for women. In case of a gift deed, the rate is the same if the property is being gifted to a non-family member. If recipient is a family member, then only 0.5% of the market value of the property has to be paid as stamp duty.
you and the family member can also relinquish your rights.
you and the family member can also relinquish your rights.
Helpful?
19+
19+
Adv. Siddhant Sharma
Delhi | 500+ Answers
Chat
Gift of immovable property from father to son
How to gift land to family member
Can husband gift property to wife in India
Gift property law India
Stamp duty on transfer of property from father to son
Gift deed from Son to mother stamp duty
Capital gain on transfer of immovable property as gift
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
