1) property has to be transferred in name of your wife and BIL then only deed of settlment can be executed 

2) if your wife and brother in law are the only legal heirs on bais of LHC mutation can be done and you cna sell the property 

3) please note that succession certificate is only for movable debts and securities 

4) for immovable property you need letters of administration 

5) consideration amount would be mentioned in deed of family settlement 

6)you can transfer consideration amount to your wife account . she can then pay your BIL 

7) it should not take more than a month 

1. Yes, it can be done through a settlement/relinquishment deed. Necessary applicable stamp duty along with registration fee needs to be paid at the time of getting this deed registered in the office of the concerned sub-registrar.

2. If a legal heirship certificate has been obtained already, get this property mutated in the name of your wife and BIL in the records, on the strength of the LHC.

3. Can be done on the basis of the LHC, once mutation is done. 

4. Yes, the transfer under the deed should be irrevocable. Get this deed drafted through a lawyer and then execute it.

5. Yes, the consideration needs to be spelt in the deed.

7. Process will take around 30-60 days, depends on how quickly the mutation is done. 

Too many questions. You would understand that a detailed consultation can be had by engaging in face to face discussion. 

Can we talk ?

My number is available in google. 

Regards 

G.Rajaganapathy 

Lawyer 

High Court of Madras 

1. You should purchase the share through sale deed or relinquishment deed in favour of wife., it should be registered and stamp duty for same shall payable and it need to be registered with sub registrar.

2. Mutuation need to be done in favour of wife and brother in law.

3. Mutation is required succession certificate not required it is for movable assets not property 

4. Registered deed cannot be revoked without order of court.

5. Yes the amount need to be mentioned 

6. You can lay and it can be registered in favour of wife 

7 Registration takes just day or two 

Dear client,

Execute release deed , less stamp duty and irrevocable.

It can be sell through LHC.

Mentioning consideration between family members have no effect on stamp duty.

If you will pay than , stamp duty will be more, mention she has paid by taking loan.

Single day.

It can be settled with Registered partition deed. No need of transfer. Sale deed and NOC of legal heirs is enough. It can't be revoked as it's with consent. If you need revocable then you can put such clause in it. Consideration amount will be a factor for stamp duty applicability. There can be a common partition deed.

1. Execute a settlement deed at jurisdiction SRO you have to pay stamp duty and registration charges consult a  local lawyer. 

2.after mutation property on both name you can sell the property. 

3.bank deposits, shares, loans, or other securities, the succession certificate is required. 

4.The Settlement Deed could not be revoked by way of cancellation deed unilaterally. 

5.amount need to be mentioned. 

6. Within week.

1. For low stamp duty, your brother in law can execute a registered release deed relinquishing his rights in her favor or by executing a registered settlement deed, which also involves lesser stamp duty.

2. It already devolves on their names hence there is no necessity to get them transferred to individual's name, just the registered document as suggested will be sufficient.

3. It can be sold on the basis of the legal heirship certificate itself.

4. The registered settlement deed is an irrevocable document.

5. The consideration amount can be mentioned, the donor may have to pay the long term capital gains tax if any applicable.

6. You can pay the amount on behalf of your wife.

7. If everything is ready it may not take more than a day.

1. As per the information mentioned in the present query, makes it clear that the property has still been registered on joint names, they have been sharing jointly in the basis of the legal heir certificate.
2. As per law, he can sale his share to your wife and if it is you then an affidavit with your wife’s consent.
3. It must include sale consideration including the stamp duty to be paid to the revenue department.
4. So, eventually the answer in positive as the same can be sale off on the basis of the legal heir certificate only also.