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Transfer property from husband to wife
25-Nov-2023 (In Property Law)
How much tax do we have to pay if a house bought in 2000 in Mumbai, we now want to transfer the property from the husbands name to the wifes name? is there a percentage amount of the value of property to be paid as tax? and what is the correct procedure. or is it easier and cheaper to add the wifes name as co owner? Please advise. Can the husband also gift the property to the wifes name.
Respected sir /madam
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kindly provide the more details of you matter as to enable me to guide you on. right way you can share me all details on my WhatsApp number which is available on my profile so please check my profile and contact me on my WhatsApp . thanks.
Helpful?
Adv. Pathan Said Ahmed Khan
Ambajogai | 200+ Answers
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This is my response to you:
1. You will have to pay 3% of stamp duty of the market value of flat;
2. The same will be payable at registrar office;
3. You can make a Will for now;
4. Consult a local lawyer and take steps.
1. You will have to pay 3% of stamp duty of the market value of flat;
2. The same will be payable at registrar office;
3. You can make a Will for now;
4. Consult a local lawyer and take steps.
Helpful?
Adv. Gowaal Padavi
Mumbai | 500+ Answers
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