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Why lose on Stamp Duties

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Icon Mini Profile devidas_padir





Joined: 01 Mar 2009

Posts: 49

6.41 Dollars($)
Post Posted: Sun Mar 15, 2009 1:49 pm    Post subject: Why lose on Stamp Duties
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My father & family have no objecions in transfering the rights to my name. In fact the documentss are in the name of my late grandfather. While we are transfering the property, should the property be directly transfered to my name? In fact my dad is conscious of any diputes arising out of property share with my uncle due to his soft nature. I am a good earner and as per his opinion, I can face the situation in a better way due to more exposure to the dealings. But I seek help to know if there is possibility of this skip to avoid double formalities and fees.
Icon Mini Profile jenkin7
jenkin7




Joined: 04 Jun 2007

Posts: 4537
Location: Hawaii
728.43 Dollars($)
Post Posted: Mon Mar 16, 2009 12:58 am    Post subject:
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Hi devidas,

Transferring the title directly to you is possible. Your grandfather who is the current owner of the house, needs to sign a quit claim deed as a grantor transferring the title to you as a grantee. This will definitely save you double formalities and fees.
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