How the property received through 'Will' to be sold ?
Sir/ Madam,
Can the property received by the son from his father or mother through the written 'WILL' can be sold directly by him by admitting the 'WILL' or should he transfer the property first to his name in order to sell the property to others ?
If so, what is the procedure ? What are the registration charges/ any other changes for the same ? Are the charges fixed or vary depending on the value of the property ? I would like to know the maximum charges levied by the registrar for transferring the property as per the 'WILL' ?
Asked 5 years ago in Property Law
Religion: Hindu
Thank you all for your prompt responses. From the responses, I came to know that there is no stamp duty, etc for transfer of property to the son as per the WILL. Only court fees or mutation fees apply as per your response. Are they both different ? May I know the charges for the same in case of Andhra Pradesh state ? Are the charges fixed in a state or will they vary depending on value of the property ?
Asked 5 years ago
If the 'WILL' written by the person is registered before his demise, then the property acquired by the son after the demise of the father as per the 'WILL' written by the father can be sold to the third party directly for consideration (or) even the 'WILL' is registered, the property acquired has to undergo mutation charges or court fees etc in order to sell the property that is acquired through registered ' WILL' ?
Asked 5 years ago