Remove my name from property deed!
Good Day,
I am the only child of my parents.The residence where me & my parents are staying is registered in my & my mother's name. Presently I'm on the verge of going through divorce proceedings & I don't want my wife to have claim on this property (This residence was built well before our marriage & my wife has no contribution to it). The divorce notice is likely to be sent in a couple of weeks
Is there a way to remove my name & allow the property to stay only in my mother's name without paying the 2% registration charges all over again.
Also, is there any other more cost effective method to prevent my wife staking claim on this property?
Your help will be much appreciated,
Thanks & best regards,
Subhro.
Asked 7 years ago in Property Law
Religion: Hindu
Good Day,
Thanks for your prompt reply Mr. Sethi. A couple of further clarifications:
1. My present residence which is in my mother's & my name is my wife's matrimonial house (she stayed here with me after marriage). This was bought by pooling money, partly by me & partly by my father. Kindly clarify whether in this case also she can't claim part of the property during divorce. Also, if she doesn't want to stay in our house (as she has her own residence elsewhere), can she have any other claim to this property.
2. Also, I understand that with a gift deed, I have to pay registration charges which amounts to almost INR 1 lakh (2% of property valve) .But in case I execute a relinquishment deed, do I have to pay the registration charges ie 2% of the property value.
3. My main objective is to avoid paying the 1lakh registration fees (2% property valve) which i know will be levied if i make a gift deed in favor of my mother.
Appreciate your time,
Thanks & best regards,
Subhro.
Asked 7 years ago