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Addition of name in flat booked under registration scheme

This query is : Resolved

K.G.Shah

K.G.Shah (Querist)
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16 September 2021 Sir ,
Mr A has booked flat in name of his mother under ongoing scheme . Flat registraion and stamp duty paid in 2018. Now A wish to avail housing loan . Housing company says if MR A name is added as second owner , they will not face any legal issue
. Sir what will be the cost of addition . Whether Mr A has to pay again the cost of stampduty and registration fee ? Is their concession in adding name of family members . Cost of project is 65 L and still date 30 L is paid ( including reg. Fee , stampduty , GST ) . Please guide which is chepeast and easy way of addition of name.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 September 2021 Execute a gift deed in favour of A from mother for 50% value stamp duty will be less.

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