share personal property with younger brother in less expense legally share personal property with younger brother in less expense legally

1 year ago

I want to make my younger brother 50 % shareholder of self-owned property as he has invested the money in the property as well. We as family want to spent less money for sharing the property legally. Please suggest the best way to do this legally.

Anik

Responded 1 year ago

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A.Hello,
An owner who wants to add a co-owner to his property, will have to do so by way of creating a new deed altogether. This new deed must also be registered at the sub-registrar's office, to attain a legal validity under the Transfer of Property Act
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