Transfer of Inherited Properties in India: What You Need to Know
5.5K
2
Contents
- Frequently Asked Questions
- 1. What is an inherited property?
- 2. Do I need a legal heirship certificate to transfer an inherited property?
- 3. What documents are required to transfer the title of inherited property?
- 4. Can inherited property be transferred to non-family members in India?
- 5. How long does it typically take to complete the transfer of inherited property in India?
- 6. Can inherited property be sold immediately after transfer, or is there a waiting period?
Frequently Asked Questions
1. What is an inherited property?
Ans: An inherited property is a property that is passed down to an individual or multiple individuals as a result of the owner's death.
2. Do I need a legal heirship certificate to transfer an inherited property?
Ans: Yes, obtaining a legal heirship certificate is necessary to establish the rightful heirs and their respective shares in the inherited property.
3. What documents are required to transfer the title of inherited property?
Ans: Key documents needed are: death certificate of the previous owner, birth certificates proving you are the legal heirs, original property purchase documents, a certificate showing no disputes on the property, and local authority document confirming all property taxes are paid.
4. Can inherited property be transferred to non-family members in India?
Ans: Yes, after getting the property transferred in your name as the legal heir, you can sell or gift the inherited property to someone who is not a family member.
5. How long does it typically take to complete the transfer of inherited property in India?
Ans: The full process of transferring an inherited property usually takes around 2 to 4 months in India, as long as you have all the required documents ready.
6. Can inherited property be sold immediately after transfer, or is there a waiting period?
Ans: No, there is no waiting period required. Once the property ownership has been legally transferred to you as the heir, you can immediately sell that inherited property if you want.