You can execute gift deed or relinquishment deed in favour of wide
2) it should be duly stamped and registered
This is to know the procedure to get transfer the right of ownership from me to to my wife. While registering we both are the owners and now i wanted to transfer the ownership completely to her name what all are the options for me please let me know.
You can execute gift deed or relinquishment deed in favour of wide
2) it should be duly stamped and registered
You can gift your undivided share vide a registered gift deed to your wife. The deed need to be registered before the Sub-registrar office and stamp duty has to be paid.
1. You can execute a registered Gift Deed in favour of your wife, to make her the absolute owner of the property.
2. Alternatively, you can release/relinquish your share in the property in favour of your wife by executing a registered Release/ Relinquishment Deed in the office of Sub-registrar's Office.
3. The stamp duty for executing either of the deeds is not much, since the transaction is happening between the husband and his wife.
You can execute a registered gift deed in her favour or you can also execute registered Relinquisment deed also
1. You may execute a registered gift deed in her favour.
2. Get a flawless gift deed drafted by a lawyer and then apply for registration of it.
Dear Sir,
One of the co-owner as to release his 50% rights to another co-owner thus you become absolute owner of entire property.
Dear Client,
You may transfer his share to your wife by registering a Transfer Deed in her Favour or by by Relinquishing Deed in her wife's name.
Thanks.
Advocate Jaswant Singh Katariya
Dear sir
For transfer of co-owner rights in a property is same as that of new sale
you move an application in office of registrar or tehsildar for transfer of property after that new sales deed in your name got prepared for with full rights in your favor
There are a number of ways in which your aim could be achieved. You can do that by way of relinquishment , transfer, gift or a nominal sale of your undivided interest /share in the property. The process, amount of stamp duty or taxes will depend upon the State where the property is situated and the option you choose out of the ones given here. You can consult a property lawyer.
You may transfer your share in the property by executing a registered gift deed or a settlement deed in her favor by which she will become an absolute owner with marketable title to the entire property.
1. You can execute a Registered Gift Deed or a Release Deed for your 50% share of the property in favor of the wife.
2. The above would be legally sufficient for futuristic legal purposes like Sale /Transfer /Gift /Donate /Mortgage /whatever....
Dear Sir,
Section 44 of the Transfer of Property Act 1882 deals with transfer by a co-owner and it also deals with the rights of a transferee in this type of a transaction.
According to the Transfer of Property Act every joint or co-owner has a proprietary right of the entire property. Hence, any sale has to be done with the consent of all co-owners involved.
If, however there are specific conditions in the agreement that gives co-owners exclusive rights to certain parts/portions of the property, a co-owner can sell his portion to whom he chooses.
However, a currently dwelling house is an exception to this rule, where consent has to be sought from both co-owners who jointly own the house.