LEGAL WIN CONSULTING LLP
LEGAL WIN CONSULTING LLP
42 Years Exp
Relinquishment deed (Show More)
Hyderabad , Banjara Hills
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Overview
This agreement is not the best way to transfer a property to someone without involving any monetary transactions. This method allows the owner to transfer a property to a co-owner. This sort of transfer is also irrevocable. This involves a relinquishment deed that needs to be signed by both parties and registered at the sub-registrar’s office. A stamp duty needs to be paid during the registration process. However, the stamp duty needs to be paid only on the portion of the property that is being relinquished and not on the total value of the property. When compared to the gift deed, this deed has the problem of being taxable, if the relinquishment is for monetary gains, and not inclusive of any discounts if the property is being relinquished to a relative
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Name : LEGAL WIN CONSULTING LLP
Law Firm Name : LEGAL WIN CONSULTING LLP
Country : India
City : Hyderabad
State : TELANGANA
Practicing Since: 1983
About Your Firm : We offer a full range of Legal and Tax advisory to Small and Medium Enterprises, Multinational Corporations, Start-Up's, Public / Private Sector Undertakings, Family run Businesses, High Net Worth Individuals and Private Clients.
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| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
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Subject : Power of attorney of house
Question : My house is on name of my grandmother. There are no any nominee or will or power of attorney of house. There is only dastaveg of house which is on name of my grandmother. But she is no alive. What is the prosidure to make that property on name of my grandfather. There are no any proof of marriage.
Answer by LEGAL WIN CONSULTING LLP : Hi
Since the house is in the name of your grand mother,
a) her legal heirs(her children, husband) should obtain a family member certificate from Mandal Revenue Officer and
b) based on family member certificate can register a settlement agreement executed by legal heirs
OR
c) Based on family member certificate can also ask the district court issue the legal heirs a succession certificate and thereby transfer the property of the grand mother.
Registered Settlement agreement(Option B) executed by legal heirs is preferred if all of the legal heirs agree to register the grand mother's property in the name of grand father.
Rajagopal
Advocate@High Court @ Hyderabad
LEGAL WIN CONSULTING LLP
www.legalwin.in
