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Author Topic: settling a property which has its document is in bank  (Read 845 times)

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Offline legalboy

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settling a property which has its document is in bank
« on: April 09, 2015, 02:41:59 AM »
I am retired person. My son recently purchased a plot by availing a home loan from a leading private bank in Chennai and loan is expected to be completed by the year of 2019.

Now my son want to settle the plot in my name as I have given him a huge amount of money as "Down payment" to get the plot.

can you please let me know the procedure to settle the property in my name?

Offline advswagata

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Re: settling a property which has its document is in bank
« Reply #1 on: April 19, 2015, 09:41:24 PM »
Your son has to do transfer of property in your name with required stamp duty.
this is done in registrar office

 

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