It depends on the slab to the maximum of 75000/- upper limit. The value will decrease as per the share Price
1) my deceased mother had bought some shares 20 yrs ago . We didn’t do anything to claim it till now . We need to get a succession certificate and I hv some questions : 1) what id the percentage we have to pay the court for a succession certificate ? 2 ) will the court fee be based on the now - number of shares and value 3 what is the procedure for the succession certificate ?
It depends on the slab to the maximum of 75000/- upper limit. The value will decrease as per the share Price
1. Succession Certificate can be applied in the state High Court and the Court Fees would be approx. 1,75% or 75000/- (Maximum) and time duration to obtain it: approx. 6 months.
2. Will have to do it thru a experienced advocate, with all relevant supporting documents, consent affidavit, valuation certificate of shares etc....
The legal procedure to obtain the succession certificate is highlighted as below:
Each state has different charges for stamp duty of succession certificate. So Tamil Nadu state may have different.
Maximum 3% according to current share prize you will have to pay stamp duty.
Court fees would depend upon market value of shares as on date
2) court fees is state subject and varies from state to state
3)you have to file petition for issue of succession certificate
4) enclose mother death certificate
5) schedule of shares
6) SC takes around 6 months
1. 2 percent of the value of the shares
2. You can get the value of the shares from the website of respective company.
3. For getting a Succession certificate you should file a petition before the District judge of your jurisdiction
- You should include the following details:
Hi
You will have pay a rs50 fee in form of court tickets while filing the petition for sucession Certificate.
After the court orders of granting you the succession certificate you will have to buy stamp papers of value 3% of the value of shares , succession Certificate will be printed on those stamp papers.
Procedure:-
Filing of case.
Proving that you are only eligible to get the succession Certificate.
Court will then publish notice in news papers for asking objections if anyone have.
Then court will order granting of the succession Certificate
Then it will be printed on the stamp papers as i mentioned above.
Thanks
1. See court fee on succession certificate depend on state to state the local advocate may guide you on same.
2. It shall depend upon the value of the share.
3. For same you have to.file before the district court after verifying the status of leg heirs and issuing notice to them and hearing them the court sha grant succession certificate.
An application for succession certificate must be filed in the district court making all the persons who are heir to it...parties. the court shall issue a succession certificate.
1. The court fee slab in every state is different, hence only a local lawyer well conversant with state stamp duty act can tell you the court fee payable on the petition.
2. A petition for grant of Succession Certificate has to be filed in the court of District Judge,
It is legal fess which would be considered by the advocates.
Subject to the place where your mother resided a succession certificate can be applied .
Regards
G.Rajaganapathy
High Court of Madras
Dear Sir,
About Succession certificate
A succession certificate is granted by the court in order that legal heirs get a full authority to control the debts and securities of deceased father or mother, husband or wife. Now since after death of a person a legal heirs are the immediate persons who will get the movable assets of a deceased person. The process of succession certificate is a summary process to determine the authenticity of legal heirs.
About Application to get succession certificate.
In order to get the succession certificate an application under section 372 of Indian succession act is to be filed in the court of senior civil judge, jurisdiction is determined on the basis of where the decease resides or where his assets are situated.
Procedure
The civil judge will examine the application and on first date of hearing would pass following orders
->Publication in leading newspaper.
-> Order SDM of deceased residence to examine legal heirs.
-> order the bank where assets are situated to come up with all records.
Once these steps are cleared and there is no opposition and statements of all legal heirs are recorded the court would grant the succession certificate by furnishing indemnity bond an surety.
Court fee as per present value and it may be up to 2%.
Petition will file in session court in same manner civil suit files. Notice will issue to legal heirs, who are objecting your inheritance right.
1. The court fee for filing succession certificate case is different to that of the stamp duty to be paid on the schedule of properties shown in the case for which this succession certificate is obtained through court.
The stamp duty shall by 3% of the value of the property more fully mentioned in the schedule .
2. Read the above answer.
3. You have to file a case before the court competent seeking succession certificate, you may contact a local advocate for this purpose.
1. You have to pay court fees depending on the value of shares which you want to claim. It will be according to Tamil Nadu court fees act.
2. Court fees will depend on current value of property.
3. You have to file suit for succession certificate under Hindu succession act by paying filing charges. And after getting orders you need to get stamp paper of required court fees for succession certificate.
first of all you have to tell the exact amount which you are claiming.
you have to approach district court with a petition along with details of your property, legal heirs, death certificate of the owner of the property. Thereafer, notice will be served to all the legal heirs to be present before court.
1. You have to apply to the district court having jurisdiction for grant of a succession certificate. Death certificate and legal heirs certificate are supporting documents.
2. Stamp duty will be a percentage on the current market value of the security.
3. Yes, on the current market value.
4. Please see reply to Q 1.