Place Name Deed For Free

A new deed must be written if an owner wants to include a co-owner in his ownership of the property. To be valid under the Transfer of Property Act, this new deed must also be recorded at the sub registrar's office.

Sale Deed. You can include your Spouse's name in the new sale deed mentioning the ratio or portion of the ownership and get it registered. The stamp duty is typically in the range of 5-12.5% of the market value of the property (varies in different states), while the registration charge is about 1%.

If you want to add a co-owner to your property, you can do it either by creating a gift deed or a sale deed. Gift deed: In this, a gift deed is required to be executed and duly registered at the office of the sub-registrar of the concerned locality.

For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While it's the best deed for the grantee, it gives the grantor the most liability.

To add a co-owner, a new deed has to be created, which must be registered at the sub-registrar's office for it to be legal under the Transfer of Property Act. This can be done either by creating a sale deed or a gift deed. Sale deed: The first way is to sell a portion of the property to the other person.

A sale deed includes the following details: Name and address of the buyer and seller. Detailed description of the property. Total payment to be made, mode of payment, date when the payment is to be made. Date of handing over of property documents. Other terms and conditions of the sale.

The following is the process to change the property name to mother after the father's death. Request for a property mutation in your mother's name. Attach the death certificate of your father. A gift or relinquishment deed signed by other legal heirs.