Move Title Deed For Free

The most common way to transfer property is through a general warranty deed (sometimes called a "grant deed"). A general warranty deed guarantees good title from the beginning of time.

This is called transfer of title deeds and also referred to as transfer of equity. You will be required to take legal advice and have a Solicitor assist you with the transfer of the property, Tollers can readily deal with this on your behalf in a smooth and efficient manner.

How Do I Transfer Property to a Family Member? In order to transfer property to a family member as a gift, you'll need to execute a ?Deed of Gift?. This is also known as a ?Transfer of Gift?. This legal process ends with the family member(s) classified as the property's legal proprietors.

Transferor should draft the transfer of possession title on stamp paper and should get it attested by two witnesses before its registration. The gift deed should be registered at a sub-registrar's office, and once the deed is registered, the transfer is irrevocable. Interestingly, gift deeds do not attract any tax.

The process of transferring ownership of a property can be complex, and the time it takes to complete can vary depending on a number of factors. Generally speaking, the process can take anywhere from 4 to 12 weeks, but there are several steps involved that can impact the timeline.

In case of any immovable property which is given to a family member, stamp duty is 3% of the market value of the property along with 1% registration fees.

There are two ways to transfer property: first, through an agreement between the parties; and second, through legal action.