can you pls tell me if any stamp duty or any other fee is applicable for the below . There is propert in name of 4 members (brother +3 sisiters ). I am a nomiinee of all share memebers.
One of the member expired and property of that share is getting transfered in nominee's name .All required papers have been submiited . It is a co operative society.
2 Answers from Attorneys
Dear Sir / Madam,
No Stamp Duty is required to be paid, to file a Nomination paper of the legal heir with the Society.
Transfer of shares on death of member in favour of a nominee does not require any stamp duty.
Related Questions & Answers
Any new real estate projects coming up in Mumbai suburbs? for looking 1 bhk... Asked 8/31/13, 5:19 am in India Real Estate and Real Property