Getting name added in Plot registry
2 years ago
My parents have a plot registered in their & my younger brothers name. Now we want to get my name added in the registry as well & get loan in both us (bothers) name. How can that be addressed with minimal expense?
A.Dear Sir/ Ma'am,
The cheapest option is a gift deed by all of them to you. Everyone then gets an equal share in the plot and on the basis of this, you can claim the loan.
Thank you. Have a nice day.
The cheapest option is a gift deed by all of them to you. Everyone then gets an equal share in the plot and on the basis of this, you can claim the loan.
Thank you. Have a nice day.
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Advocate Sinjari Bandyopadhyaya
Responded 2 years ago
A.By virtue of registered Gift Deed your parents and younger brother can add your name as one of the property owners and after such registration, each of the four owners will be entitled to one-fourth undivided share therein until and unless there is mom-equality of share or
By virtue of registered Gift Deed your parents can transfer their property share absolutely in your and your brother's favour in such manner that after such registration, you and you brother will be entitled to undivided half share each.
By virtue of registered Gift Deed your parents can transfer their property share absolutely in your and your brother's favour in such manner that after such registration, you and you brother will be entitled to undivided half share each.
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