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Transfer of property in blood relation
15-Mar-2023 (In Property Law)
We are two brothers , my mother owns a house now she want to transfer same to me what are the best legal way to transfer same so that in future my brother cannot claim stake in house, I want to know rules of property transfer in blood relation?
Dear client, I have seen your query carefully and found that you want to get the property from mother legally. In this regard it is to inform you that according to the provisions of transfer of property act your mother can transfer her property in favour of you by way of registered sale deed or registered gift deed. But you have to pay the requisite stamp duty on these documents. The only difference between the sale deed and gift deed is that in gift deed you have not to disclose the details of the payment. you can contact me for further assistance and advice on my contact number through the administrator of this website
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Adv. Rajeev Srivastava
Ghaziabad | 400+ Answers
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the best possible and cheapest way to get it transfers is to ask your mother to gift it to your wife in the form of gift deed, this will save you some stamp duty and moreover this may end your brother's claim to the property
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Adv. Pawan Bisht
Lucknow | 100+ Answers
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A legal document called a gift deed for blood relations is used to transfer property ownership from one family to another, without monetary exchange. This is a common way for parents to pass their assets on to their children, without having to worry about tax or legal implications.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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.
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