What Are The Requistes For Site Ownership Conversion?
Question asked by Prashanth Harish:
Dear Sir/Madam,
My father had a site in Bangalore. I applied for a home loan and built a house in the site. My father wants to convert the ownership of the site to me. In what means can I convert this? Will gift deed work & if so , what is the stamp duty fees?
Regards and Thank you
Prashanth Harish
Vatsala Speak:
Yes, gift deed will work. The stamp duty, registration fees and miscellaneous charges without including advocate’s fee should not exceed Rs. 5000 to Rs. 6000.Vatsala
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