Transferring property ownership from a father to a son in Bangalore can be executed either through a Gift Deed or a Settlement Deed, both legally recognized and commonly used methods for intra-family property transfers.
Cost Breakdown for Property Transfer in Bangalore
The estimated total cost for such a transfer is approximately Rs.7,150. Below is a detailed cost breakdown:
- Stamp Duty: Rs.5,150
- Registration Fee: Rs.1,000
- Cess: Rs.500
- Scanning Charges: Rs.50 per page, and the approximate overall cost Rs. 500
Please note: These charges are applicable for transfers between close family members
Need Assistance?
We provide professional support for drafting and registering Gift or Settlement Deeds, and for completing the entire property transfer process seamlessly.
For assistance, feel free to contact us:
- Email: pgnproperties@gmail.com
- WhatsApp: +91-97424-79020
FAQs
- What is the most common method to transfer property from father to son in Bangalore?
The most common and legally accepted methods are through a Gift Deed or a Settlement Deed. - How much does it cost to transfer property between father and son in Bangalore?
The approximate cost is Rs.7,150, which includes stamp duty, registration fee, cess, and scanning charges. - Is stamp duty applicable for property transfers between family members?
Yes, stamp duty applies even for family transfers, but it is charged at a concessional rate for close relatives. - How long does the property transfer process take?
If documents are ready and the sub-registrar slot is booked, the process can be completed within a day. - Can I transfer property to my son without paying stamp duty?
No, stamp duty, even for transfers between close family members.