Q: Can a Family Settlement agreement be registered in the Sub Registrar Office in Delhi ?
Answer: Whether or not a family settlement agreement / deed / memorandum can be registered depends on the circumstances of the case. In most of the cases, full stamp duty as per the Circle Rate value of the property will be payable at the time of its registration. But, there are some situations under which it can be registered on payment of nominal amount of stamp duty.
A Family Settlement refers to an arrangement whereby members of a family decide to amicably settle the dispute between them in regard to the properties and assets owned by the family. All the parties to a settlement agreement must be members of the same family. A family settlement is usually done to protect the unity, amity and goodwill of the family.
It is important to note that if a family settlement / arrangement is reduced in writing (in the form of a document) and involves transfer of the title of immoveable property to different family members, it is necessary to get the same registered.
We provide services for the registration of Property Documents in
the Sub Registrar Offices in Delhi . To avail our services, you may contact us at 8800418408.
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