Transfer the property to a family member.
07-Sep-2023 (In Property Law)
There is a joint property in the name of 2 brothers. Now out of them, one wants to transfer that to another brother. Simply now that property will be by 1 brother. How to transfer property titles between family members? What all formalities are needed? Do we need to pay a certain amount of tax as well in terms of only transferring papers? Any knowledge is highly appreciated.
However, if the first brother decides to 'gift' his share of the property to the second brother, he will be entitled to the following benefits;
> Registration is not required
> Stamp duty is lesser for relatives
How do you transfer property ownership between family members in India?
How do I transfer land ownership from father to son?
What are the 2 methods of transfer of property?
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