Posted on: 22nd Apr, 2012 11:51 pm
Dear Sir
My name is Nathan. Let me explain about my property situation, some time back, we had purchased a flat at Hoodi as joint hand as for the investment purpose; and flat had been register at younger brother name. I was not part of registration because of I was in out of station.
Later, I decided to take up the ownership of property from brother as our mutual understanding, hence I had settled all the money which my brother invested for the property; and I used to pay EMI of property every month as of now.
My brother is happy to Gift deal the property for me since we are blood brother, so I would like to know what the procedure for Gift deal to be done is.
How can I move ahead?
I am awaiting your response to move ahead on this..
Regards
Nathan
My name is Nathan. Let me explain about my property situation, some time back, we had purchased a flat at Hoodi as joint hand as for the investment purpose; and flat had been register at younger brother name. I was not part of registration because of I was in out of station.
Later, I decided to take up the ownership of property from brother as our mutual understanding, hence I had settled all the money which my brother invested for the property; and I used to pay EMI of property every month as of now.
My brother is happy to Gift deal the property for me since we are blood brother, so I would like to know what the procedure for Gift deal to be done is.
How can I move ahead?
I am awaiting your response to move ahead on this..
Regards
Nathan
For a gift deed, first of all, the property has to be registered. In the next step, the donee must accept the gift. Payments for stamp duty and the registration of the property must be made. Mutation of the property should also be made.
Hi Knath!
Welcome to forums!
You and your brother should contact a real estate attorney and he will he will help you know what steps you need to take in order to get the property transferred in your name with the help of a gift deed.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You and your brother should contact a real estate attorney and he will he will help you know what steps you need to take in order to get the property transferred in your name with the help of a gift deed.
Feel free to ask if you've further queries.
Sussane