Enquiry of Residential land sale procedure

Q: Hi,

I have a plot in Bangalore which I bought along with my brother measuring 1200 sq.ft and now I am willing to sell only my portion 600 Sq.ft, hence would like to know the procedure.
Currently the land is on both the names measuring 1200 Sq.ft. Is there any way that I can avoid the registration charges?

My brother says we need to separately register the plot and then I proceed with the sale. I already have a buyer who is ready to buy....

Hence need assistance here...

Advika M,

14th October 2012

Property Selling in Bangalore

Follow Discussion

Also see discussions for

Bangalore Property Selling Property Selling in Bangalore

Replies (2)

Manhoj, was the property inherited to you and your brother by your parents? As you have mentioned, you both had bought the land.. so had both of you invested equal amount while buying it?

Venugopalan, Bangalore

15th October 2012

Comment

No Sir we both had bought it from 3rd party and both have invested equal amount....and now I have a ready buyer who is willing to buy the land of my portion 600 Sq.ft so wanted to check if I can avoid the Registration cost and proceede with the sale and let my buyer register on his name his 600 portion....

Advika M,

15th October 2012

I mean my brother not ( buyer) sorry

Advika M,

15th October 2012

Also would you please update me the registration cost that I need to bear for my land 600 Sq.ft

Advika M,

15th October 2012

Hey Manhoj, as far as I know your brother is correct.. you have to first divide your share and register it separately and then you can sell it..

Srinivas Rao , Bangalore

15th October 2012

Comment