Hi

The cheapest and best way is for the son to execute a registered gift deed in the name of the mother at the sub-registrar office.

The whole process of executing a registered gift deed at the sub-registrar office is a one time affair and will be completed in maximum 1 or 2 days.

The stamp duty and registration fees are almost the same for both registered gift (by the son in favour of the mother) and the relinquishment deed(by the son in favour of the mother).

However there will be no tax benefits in case of relinquishment deed and transfer by relinquishment deed is subjected to capital gains tax.

As per the tax laws, the term 'transfer' includes relinquishment, not gift. Hence, when you are relinquishing property for monetary consideration, it will result in capital gains for the transferor(you).

Hence a Gift deed is the cheapest and best option.

Hope this helps

1) son can execute gift deed in favour of mother

2) gift deed has to be stamped and regd

3) in Maharashtra stamp duty woukd be 2 percent of market value of son share I n property

4) gift deed has to be regd

5) if son is not in position to come to India he can execute POA in favour of family menber to execute gift deed

1) legal fees vary it depends upon lawyer engaged by you

2) registration charges would be around Rs 30000

3) lawyer would draft gift deed on basis of details of property mentioned in sale deed

1. He has to execute a gift deed in favour of his mother. Since he is not able to come personally to India he may execute a GPA in favour of a blood relative in India to execute the gift deed in favour of his mother in the office of the sub-registrar.

2. The stamp duty and registration charges, unless exempted by the state, will have to be paid.

Hi

1) A gift deed is out of love and affection and does not involve any monetary compensation.

2) You should approach the document writer/lawyer in your locality who will prepare the legal document for you. Professional Fees for document writing could range between 5000 to 10000-/-

3) Stamp duty and transfer duty @ 4% of the market value if the donee is a woman and @ 6% if the donee is a man. In your case it will be 4% as you are gifting it to your mother

Plus

4) Registration fee is 1% of the total value+Rs.100/- pasting charges.

5) However for the purpose of computing stamp duty and registration charges, market value of the property (in your case market value of the property divided by two as your share is only 50% of market value) is taken on record based on government valuation.

Hope this helps

If this property was jointly purchased in the names of the mother and the son then the son can transfer his share of property to his mother by executing a registered gift deed or settlement deed or by a registered sale deed.

If this property was inherited then the son can execute a registered release deed in favor of his mother relinquishing all his rights in the property.

The mother can become an absolute owner by adopting any of the measure suggested above.

The son does not want any money. What would the legal and registration charges be? He wants to gift his part so that the property is only in the mothers name.

What are the details of documents required for the son as well as the mother. What would the legal charges be for making gift deed and what are the court charges for registering the gift .

If the son would like to execute a registered gift deed transferring his share in the property in favor of his mother, he can get the gift deed drafted through a document writer, present it for registration before the sub registrar office within the jurisdiction, pay the applicable stamp duty and the registration charges.

The original title deed has to be produced for verification along with address proof and id proof.

Dear Concerned,

The best and easiest way to get this done is Send a Special Power of Attorney (Registered) in favor of someone of your family member who is given rights to transfer on your behalf to you mother. Followed to which a Relinquishment Deed will be made and the share of your property will be transferred to your mother's name. You can contact our office for the same we recently got similar things done for a family.

Best of Luck.