Transfer of joint ownership in the flat to the brother who is another joint owner- Maharashtra

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Prashant (Querist)
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12 February 2025 My brother and me own a residential flat in Maharashtra in our joint name. I want to withdraw my name from the flat so that my brother can sell the flat on his own and can take the entire consideration.

How can I remove my name with the minimal cost

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 February 2025 Gift your share in the property to your brother.

Prashant

Prashant (Querist)
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12 February 2025 Thank you, sir, for the prompt reply. Will it attract the stamp duty, if yes, what could be the % in Maharashtra

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 February 2025 The stamp duty for Gift to relative is minimum in Maharashtra; mostly 3%.

Prashant

Prashant (Querist)
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12 February 2025 Thank you sir for the guidance

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 February 2025 You are welcome.

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Transfer of joint ownership in the flat to the brother who is another joint owner- Maharashtra

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