I purchased a flat with my brother as a co-owner, to strengthen my chances of getting the loan approved. I paid a fee for the registration. Will I have to pay the registration fee again if I get the flat transfered on my sole name? If yes, what would be the amount?
Answered on November 08, 2017
Registration charges of 1% of agreement value shall need to be paid again, plus in case of a gift from one brother to another, it will be treated as a gift deed and 3% stamp duty of agreement value shall also need to be paid
