The process of transferring property from your mother’s name to your name involves executing a gift deed or sale deed.
In case of a gift deed, you will have to pay stamp duty and registration charges. You can get a home loan if the property is given to you as a gift.
In case of a sale deed, you will have to pay stamp duty, registration charges and capital gains tax (if applicable). You can also get a home loan if the property is purchased by you.
The complete steps for transferring the property are as follows:
Drafting of gift deed or sale deed
Payment of stamp duty and registration charges
Execution of gift deed or sale deed
Mutation of property in revenue records
Updating of property tax records
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My mother wants to transfer her property to my name. Can you tell me the correct process? 1. Gift deed (can I get a home loan if the property is given to me as a gift as I am planning to build an additional floor to an existing house)? 2. Is the Sale deed or Transfer deed to be done? 3. What are the complete steps to give it my name? Regards, Naveen
naveen7206@gmail.com
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2023-06-26T17:23:40+00:00 2023-06-26T17:23:40+00:00Comment
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