Selling Inherited Property Guide

Summary

To sell a house in Maharashtra thats in a deceased parents name, you need a legal heir certificate and mutation of property. These documents establish your right to the property. After obtaining them, you must register the property in your name, which involves paying stamp duty and registration fees. Stamp duty typically ranges from 5% to 6% of the propertys market value, and registration fees are usually 1%. A succession certificate alone is insufficient for property transfer. Registration is necessary to officially document the ownership change. Consult local authorities or legal experts for precise information on fees and exemptions.

Full Conversation

I live in a house which is in my Father.s name. Now i want to sell it
Hey ****! To sell the house, you'll need to ensure the property is legally transferred to your name. This typically involves:
- Obtaining a legal heir certificate.
- Executing a transfer deed or gift deed from your father.
- Paying applicable stamp duty and registration charges.
Is your father available to assist with the transfer process?
My Father has expired
I'm sorry to hear about your loss, ****. To sell the house, you'll need to:
- Obtain a succession certificate or legal heir certificate.
- Apply for mutation of property in your name at the local municipal office.
- Pay any required stamp duty and registration fees.
Do you have any queries about the process?
How much time will that take ?
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The time it takes to sell the house depends on several factors:
- Obtaining a legal heir or succession certificate can take a few weeks to a few months.
- Mutation of property may take additional weeks.
- Completing the stamp duty and registration can be done within a few days once the above steps are complete.
Do you have any other questions about the process?
How much stamp duty & registration is required ?
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In Maharashtra, the stamp duty and registration charges can vary depending on the property's location and value. However, the general guidelines are:
- Stamp Duty: Typically ranges from *% to *% of the property's market value.
- Registration Fee: Usually *% of the property's market value.
For precise calculations, you may want to consult with a local authority or legal expert. Do you have any other questions about the process?
Only succession certificate will not help ?
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Hi ****! A succession certificate primarily deals with debts and securities of a deceased person. To transfer property ownership, you may also need a legal heir certificate and mutation of property in your name. Would you like to know more about these processes?
yes
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In Maharashtra, to transfer property ownership from a deceased person's name to an heir, you generally need both a legal heir certificate and a mutation of property. These documents help establish your legal right to the property. Do you have any specific questions about obtaining a legal heir certificate or the mutation process?
yes
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To obtain a legal heir certificate in Maharashtra, you typically need to apply at the local Tehsildar's office or a similar authority. You'll need to provide proof of your relationship with the deceased, the death certificate, and any other relevant documents. After verification, the certificate will be issued.
For the mutation process, you need to apply at the local municipal office. This involves submitting the legal heir certificate, death certificate, property documents, and an application form. The property will be mutated in your name after verification.
Do you have any specific questions about these processes?
yes
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In Maharashtra, obtaining a legal heir certificate and completing the mutation process are important steps to transfer property ownership. If you have any specific questions about the documentation, procedure, or any other aspect of this process, feel free to ask!
after getting succession certificate & mutation certificate still do we need to do the registration ?
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In Maharashtra, after obtaining the succession certificate and mutation certificate, you still need to register the property in your name. Registration is a legal requirement to ensure the transfer of ownership is recognized officially, and it involves paying applicable stamp duty and registration fees. Do you have any other questions about this process?
do we still need to pay stamp duty for legal heir transfer ?
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In Maharashtra, when transferring property ownership due to inheritance, a nominal stamp duty may be applicable. However, if the property is being transferred to legal heirs, you may be eligible for concessions or exemptions, depending on the circumstances. It's best to consult with a local authority or legal expert for precise information.
do we need registration for legal heirs ?
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In Maharashtra, registration is not required solely for recognizing legal heirs. However, if you wish to transfer property ownership to a legal heir, registration of the transfer deed is necessary to officially document the ownership change. Let me know if you have more questions!