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Transfer of property to Daughter in Law - Release Deed
29-Aug-2023 (In Property Law)
Property is in the name of my parents who are no more. Me, my brother and my sister are ready to sign on a no objection certificate/ release deed whichever applicable to transfer the property on my wife/children's name. Here my question is would my wife/children come under legal hier status during the transfer? Would the 4/5% stamp duty be applicable here? What will be the approx charges in the transfer process involved?
Yes you may have to pay some stamp duty even after execution of the release deed charges for the same can be informed upon further details which shall be communicated from you to your lawyer and further enquiry upon you
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Adv. Garima Anil Mehrotra
Mumbai | 500+ Answers
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Your wife and children will not be considered as legal heir of your parent when your there so you , your brother and sister can not make release deed to transfer property in your wife and children's name. It has to be gifted to them by gift deed.
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Adv. Mukesh Vasant Shinde
Thane | 400+ Answers
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Well dear, you along with your Brother and Sister cannot transfer your Father and Mother's Property by the way of succession to your Wife and Children. After your Death, you can pass on Your Property which you have got in succession from your Father & Mother to your Wife and Children.
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Adv. Pankaj Bajaj
Mumbai | 500+ Answers
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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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