How can I transfer property from one person to another in India?

Property ownership can be transferred in two ways:

• Voluntary Transfer. • Involuntary Transfer.
Sale Deed. This is the most popular method of property transfer in India.
Gift Deed.
Relinquishment Deed or Release Deed.
Partition Deed or Settlement Deed.
Inheritance or WILL Deed.

How to change the owner name on your real property?

If the owners of the property are to remain the same but one or more of the names on the deed need to be changed, a simple quitclaim deed conveying the property from the former name, as grantors, to the new name, as grantees, is all that is required.

When do I need to know the name of the owner of a house?

There are various cases when you’ll want detailed information on a property, such as buying or selling a house or doing real estate or investor research. The type of search you’re going for depends on the information you already have – either the owner’s name, the address of the property or the title reference number.

When to add or remove a name to a property title?

When you remove someone (e.g. your ex-partner) from the title of your property. How to add my spouse to my property title? For some reasons, when you purchase a property, you may decide to have your own name on the title.

Can a quitclaim deed be changed to a new name?

If the property currently has more than one owner, every owner should sign the deed conveying the property to the new owners. If the owners of the property are to remain the same but one or more of the names on the deed need to be changed, a simple quitclaim deed conveying the property from the former name, as grantors, to the new name,…

Is it beneficial to change the name of a property?

On the other hand, it could be beneficial if the owner’s tax rate is over 30% because the company will pay less tax. This all assumes it is an investment property and not the owner’s principle place of residency, in which case the owner would not pay any capital gains tax on a sale. Why change the property ownership?

How do you remove someone’s name from a property?

Two people own a property, one of whom inherits the entire property after the other’s death. 1. Discuss property ownership interests. Speak with any co-owners to reach an agreement about which names will be removed from the title and why.

What do you need to know about changing ownership of a property?

If you require a lawyer, there may also be legal fees and valuation fees. There are a few steps involved in changing the ownership details of a property and these vary depending on the type of property ownership, how you are changing it and whether it is under a mortgage. Below are some of the key steps involved. 1. Check the mortgage.

How to change the name in property tax record?

Before requesting any change in name records for property tax of any property, make sure you have the complete documentation including copy of the following documents: Receipt of tax last paid, Attested copy of the sale transaction deed (sale deed in your name)