I jointly own a flat at navi mumbai along with my elder brother (aashish) and Mother (Vanita). Now we (myself and my mother) would like to transfer the ownership of the same flat to my elder brother’s name (Aashish). So Which are the best possible and economical ways to do the same? Can we do GIFT DEED for the same? Can you also provide the estimation of expenses required to do the total Process? If Gift deed is not possible, which are the other options available.

Question

I jointly own a flat at navi mumbai along with my elder brother (aashish) and Mother (Vanita). Now we (myself and my mother) would like to transfer the ownership of the same flat to my elder brother’s name (Aashish). So Which are the best possible and economical ways to do the same? Can we do GIFT DEED for the same? Can you also provide the estimation of expenses required to do the total Process? If Gift deed is not possible, which are the other options available.

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Answer ( 1 )

  1. instalegal
    0
    2021-04-05T16:35:46+05:30
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    Gift Deed is a good option however you can also make a relinquishment deed/release deed in favour of your brother and likewise your mother can also be a party to the same. The cost involved varies from state to state and there are agents also available who assist in such matters.

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