Wether release of right in the property , will attract stamp duty ?

I am the co-owner of an ancestral flat in Mumbai with my sister. I want to release my share in the flat to my sister for a certain amount. Will this be a release deed with consideration ? What will be the stamp duty since this is ancestral property if consideration amount is mentioned in the release deed ?

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  Can wife enter in to a family arrangement with husband and children during life time of husband ,in respect of self acquired property of husband ?

I am seeking a clarification. Can wife form a part of a family settlement? There is no divorce between wife and husband. Can wife form part of the family settlement among the husband, wife and children during the life time of the husband. It is not an ancestral property.

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  whether memorandum of Family Arrangement drawn in plain paper which is not stamped , is valid ?

Is it compulsory to prepare Joint Hindu Family agreement in Stamp paper only? Unstamped HUF agreement is invalid?

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  whether Non-Resident can buy the Agricultural land ?

Whether non-resident can buy the Agricultural land. ?

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  when family arrangement document is registered , whether sucession certificate is required ?

Sir, If we sign MOU – Family settlement by all the legal heirs and get the document registered, still we have to go for Succession Certificate from court or the MOU itself is acceptable for transferring the rights of properties. Kindly respond.

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  Whether family arrangement can change mode of distribution of property specified in the Will?

Wanted to know a important aspect.. If a WILL says that property is to be divided 50% can family settlement change the same. 2ndly if any family members after the family settlement has been done sell the property.. Will the person buying be entitled for 50% share or he will be entitled as per portion given by FS in which the portion is more than 50%

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  Wether Transfer of immoveable property by family arrangement does it attract stamp duty?

Sir, Under a family settlement if 1 faction of the family beneficiaries relinquishes their rights in property of the Family trust in the favour of the other beneficiaries, at the time of registration of this transfer, will this attract stamp duty if yes then what will be the percentage. The Trust and the Properties are situate in Mumbai. Thank you in anticipation of an early reply.

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