Legal Question in Real Estate Law in India

surrender of legal rights

my grand father having land in which my name is icluded in 7/12.

now my grandfather will quite and remove his name from 7/12 joint.

weather I have to pay any stemp duty?


Asked on 5/03/07, 2:39 am

3 Answers from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

Re: surrender of legal rights

Your grandfather can transfer his share in the land either by sale or gift - both are chargeable with stamp duty. In Maharashtra, stamp duty on gift deed in favour of near relatives is less then sale deed.

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Answered on 5/07/07, 3:25 am
Chittaranjan Bairisal Bairisal & Associates

Re: surrender of legal rights

Yes.

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Answered on 5/05/07, 2:40 pm
Vishwa Arya Arya & Co.

Re: surrender of legal rights

during his life time, yes. But when you inherit after his death by way of will, no stamp duty is payable.

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Answered on 5/05/07, 3:10 pm


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