If you want to know how to transfer property from mother to son, I can help you with the answer. I can say that transferring property from a mother to her son in India involves several legal steps to ensure a smooth and valid transfer. I have shared a step-by-step guide.
How Do I Transfer Property from Mother to Son?
The first step involves collecting details such as the property survey number, location, area, and registration details. These are required for drafting the transfer deed. The next steps that one must follow are as follows,
Get a valuation report from a licensed property valuer to determine the current market value of the property.
Stamp duty is required for the transfer of property and varies from state to state, typically ranging from 4% to 7% of the property value. Verify the rates with the Registrar’s Office.
Prepare the transfer deed with the help of a lawyer. The deed should include details like names, addresses, property description, and the consideration amount (if any).
Pay the stamp duty based on the property's market value. Attach the deposit challans with the transfer deed.
Apply for registration at the Registrar’s office. Submit the deed, valuation report, and other required documents. Biometric verification of both parties may be required.
Once the Registrar’s office verifies the documents, the property mutation and registration into the son’s name will be completed, and the registered deed will be issued.
Finally, you can submit copies of the registered transfer deed to various tax and utility departments for updating the name change in property records. It is best if you hire a professional lawyer to make the transfer smooth and hassle free.
Get Legal Assistance in Transferring Your Property from Mother to Son Via Senior Advocates at NoBrokerRead More:
How to do a property transfer by will?
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The mother can transfer her property to her son through a gift deed or a will. The transfer of property through a gift deed will be instant in nature whereas the transfer through a will takes place after the death of the testator/transferor (your mother). Read More:
How to make a gift deed?
How do I transfer ownership of property?
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How to do the transfer of property from mother to son?
Avinash Kumar
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2 Year
2023-02-13T09:38:50+00:00 2023-02-13T10:28:46+00:00Comment
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