Legal Question in Civil Litigation in India
Two brothers, A aged 75 and B aged 80, are joint landlords of a building.
Both have mutually agreed that B will release all his rights & share as landlord in favour of the other i.e A. in in exchange for an agreed sum that A will pay to B
What documents will need to be executed to keep the stamp duty and registration, if any, as minimum as possible ?
eg.
Settlement Deed ? or Deed of Conveyance or Partition deed ? gift deed ? or any other ?
Asked on 1/11/11, 5:27 am
1 Answer from Attorneys
Vishwa Arya
Arya & Co.
this will depend as to how both A and B became joint owners of the property
Answered on 1/11/11, 6:49 am
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