What are the charges involved if I want to transfer property ( a flat ) to my parents name? It is 2 bhk flat in Bangalore, and 5 yrs old and we have lived there as well.

Do I need to go through full registration costs etc?
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  • Gift deed is the right way. But why transfer it..because after them, they will have to will it to you. So better to just keep it as is in terms of legal status and use the rent/allow them to stay there.
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  • Originally Posted by spacec
    What are the charges involved if I want to transfer property ( a flat ) to my parents name? It is 2 bhk flat in Bangalore, and 5 yrs old and we have lived there as well.

    Do I need to go through full registration costs etc?


    1000 Rs for Gift Deed. BTW if you are going to stay there after gift deed you can pay rent to your parents
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  • Originally Posted by spacec
    What are the charges involved if I want to transfer property ( a flat ) to my parents name? It is 2 bhk flat in Bangalore, and 5 yrs old and we have lived there as well.

    Do I need to go through full registration costs etc?


    http://www.livemint.com/Money/PYvt8NpP8AXnea8nKAn9FI/For-a-transfer-of-property-through-gift-deed-to-be-valid-it.html
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