Q:
I have a property on my name which was fully funded by my brother-in-law. Now, this flat which was under loan mortgage, is cleared of all loan. I want to transfer the said flat in his name. What should I do?? Should I go for sale deed or gift transfer? Please suggest ASAP.
hello Ronald, You should take advice from your legal expert.
thks for your suggestion
14th September 2012
Hi Ronald, I feel gift deed would be the better option..
In the Gift deed process or documentation please let me know how much do we need to pay the Stamp duty, Registration and other charges and about the registration.
13th September 2012
The property was purchased in your name and you had taken loan and also your brother-in-law had funded.. And now you want to give the property to him. Is this is what you are trying to say? Correct me if I am wrong..
Yes
Yes. Also please suggest for future terms whether should i go for sale deed or gift deed
13th September 2012
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