Answer ( 1 )

  1. You can add a co-owner to your property quite easily. However, you should know that you will have to create a new deed and go through all the required processes, from documents verification to creating a deed.

    The registration of the new deed should be done at the sub-registrar’s office, to attain a legal validity under the Transfer of Property Act. You can either create a sales deed or a gift deed.

    Sale deed:

    This is the same like the typical registration of property while selling at the sub-registrar’s office. You will have to create a new sale deed and then you have to mention the proportion of the share in the property and the co-owner’s name. Additionally, you should know that stamp duty and registration charges would be applicable as per the new sale deed.

    Gift deed:

    You can share the ownership of your property by gifting a portion of the asset to the intended beneficiary. For this, you need to carry out the registration process for a deed of gift at the sub-registrar’s office. The stamp duty and registration charges will be applicable on the gift deed.


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