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How do I transfer my commercial property from father to son?

How do I transfer my commercial property from father to son?

The transfer of immovable property from father to son can be considered a gift. As per the Transfer of Property Act, the transfer of house property as a gift needs to be effected by a registered document (gift deed) signed by the person gifting the property.

How property is transfer from deceased father to son?

Sir file for mutation of the property, your father has to file an application before the Revenue office / Municipal office to transfer the property on his name along other legal heirs along the death certificate of the grand father once the property is mutated in name of all legal heirs they can make a partition deed …

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How can I transfer property from father to son after death in India?

4 Answers

  1. apply for mutation of property in your mother name.
  2. enclose father death certificate.
  3. gift deed or relinquishment deed by other legal heirs.
  4. if no objections are received property would be mutated in mother name.
  5. your mother can also apply for letters of administration from court.

How do you transfer a property name?

5 Ways to Transfer Property in India

  1. Sale Deed. The most common way of property transfer is through a sale deed.
  2. Gift Deed. Another popular way of transferring property ownership is by ‘gifting’ the property using a gift deed.
  3. Relinquishment Deed.
  4. Will.
  5. Partition Deed.

How can I transfer my father to son in Madhya Pradesh?

The registration of the gift deed should be done at the sub-registrar’s office….What Are The Procedures Involved In Making A Gift Deed?

  1. The name of the donor, his/her father’s name and address.
  2. The name of the donee, his/her father’s name and address.
  3. The relationship between the donor and the donee.
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What property Cannot be transferred?

An easement cannot be transferred apart from dominant heritage. All interest in property restricted in its employment to the owner personally cannot be transferred by him. Even a right to future maintenance, in whatever manner arising, secured or determined cannot be transferred.

What is the procedure to transfer property from father to daughter?

1) your father can execute gift deed in your favour . have it duly stamped and registered . 1. Gift deed is best option. 2….5 Answers

  1. Your father shouls execute and register a Gift Deed in your favour which will be cheaper to get registered,
  2. Sale Deed will cost you more for registration which will be at market price,

How can a father transfer his property to his son?

If father is alive and intend to transfer his property to his son name, he can execute gift deed which transfer his ownership rights infavour of his son and registration and stamp duty charges are nominal, which may cost lesser than Rs.1000/- When my father died. I was his only heir.

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How to transfer a flat in a co-operative Housing Society?

A member who desires to transfer his/her/their flat in a co-operative housing society has to give 15 days’ notice to the secretary of the society mentioning the intention for doing so. This notice shall be placed before the next managing committee meeting.

How to transfer property in name of legal heir after death?

After collecting the said legal heir certificate, transfer the property in your name my mutating the same in your favour duly submitting the death certificates of your parents, your voter ID card, legal heir certificate. Talk to Advocate Krishna Kishore Ganguly NOW!

How to transfer a flat after resale in India?

Take Rupees 600/- [Rs. 500/ for transfer charge + Rs. 100/- for new member membership charge] along with Transfer Premium. Go through the check list for transfer of flat after resale post on this blog. if all document is as per check list then transfer this flat to new owner name.