Hey,
In India, the process of transferring a flat to sons typically involves the following steps:
- Prepare a gift deed:
Prepare a gift deed stating the intention to transfer the flat from the parents to their sons. The deed should be drafted by a legal professional and include all relevant details.
- Stamp duty and registration:
Pay the applicable stamp duty based on the value of the property and register the gift deed at the local sub-registrar office. Both the donor (parents) and the donee (sons) must be present during registration.
- Documentation:
Gather necessary documents such as property title deed, identification proofs, and photographs of the parties involved.
- NOC and clearance:
Obtain a No Objection Certificate (NOC) from the housing society or apartment association, and clear any outstanding dues or liabilities.
- Succession planning:
Consider consulting with a lawyer to ensure that the transfer aligns with estate planning goals and minimizes future legal complications.
It is crucial to consult a legal professional familiar with property laws and regulations in India for accurate guidance and a smooth transfer process.
Let legal experts at NoBroker help you with property transfer documentation Read More: How to Transfer Property from Father to Son After Death in India?Your Feedback Matters! How was this Answer?
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How to transfer a flat to sons?
Kaulanil62
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2 Year
2023-05-31T09:02:41+00:00 2023-05-31T09:46:47+00:00Comment
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