The transfer of ownership in exchange for love and affection in the family of owner. Such transfer, in the case of immoveable property of the value of one hundred rupees and upwards, or in the case of a reversion or other, can be made only by a registered instrument. Delivery of tangible immovable property takes place when the owner places the beneficiary, or such person as he directs, in possession of the property.

Documents required for Transfer deed (In blood relation)

• Identity Proof of owner and beneficiary and witnesses.
• Residence Proof of owner and beneficiary and witnesses.
• Ownership proof of property
• No objection certificate for urban property.
• Two passport size photographs of owner and beneficiary.
• Power of attorney/special power of attorney/authority letter/resolution (if applicable)
• Kursi Nama (Legal Heir Certificate) From Patwari/Revenue Clerk

Stamp duty, Registration Fee

Stamp duty, Registration Fee: Punjab Govt. exempted stamp duty and registration in family transfer deeds (in blood relation)
Computer fee: 1 lac to 10 lac value of Collector rate : Rs. 5,00/-
Pasting Fee (Per document) : Rs. 200/-

Mutation fee for Rural Area : Rs. 600/-

Registration of Transfer deed is compulsory

(I) The documents Transfer deed shall be registered, if the property to which they relate is situate in a district in which, and if they have been executed on or after the date on which, Act XVI of 1864, or the Indian Registration Act, 1866, or the Indian Registration Act, 1871, or the Indian Registration Act, 1877, or this Act came or comes into force, namely,-
(a) Instruments of Transfer of immovable property; Registration Act, 1877, or this Act came or comes into force, namely.
(b) other non-testamentary instruments which purport or operate to create, declare, assign, limit or extinguish, whether in present or in future, any right, title or interest, whether vested or contingent, of the value of one hundred rupees and upwards, to or in immovable property;

Transfer

“Transfer” is the transfer of certain existing movable or immovable property made voluntarily and without consideration, by one person, called the owner, to another, called the beneficiary, and accepted by or on behalf of the beneficiary. Acceptance when to be made, Such acceptance must be made during the lifetime of the owner and while he is still capable of giving.

Transfer How Effected

For the purpose of making a Transfer of immovable property, the transfer must be effected by a registered instrument signed by or on behalf of the owner, and attested by at least two witnesses.
For the purpose of making a transfer of movable property, the transfer may be effected either by a registered instrument signed as aforesaid or by delivery. Such delivery may be made in the same way as goods sold may be delivered.

Under the Transfer of Property Act, a transfer of immovable property cannot pass any title to the beneficiary if it is not registered. Any oral transfer of immovable property cannot be made in view of the provision of the Act, mere delivery of possession without written instrument cannot confer any title.

When transfer may be suspended or revoked

The owner and beneficiary may agree that on the happening of any specified event which does not depend on the will of the owner a transfer shall be suspended or revoked; but a transfer which the parties agree shall be revocable wholly or in part, at the mere will of the owner, is void wholly or in part, as the case may be.