Quick Guide: How NRIs Can Sell Inherited Property in India

Quick Guide: How NRIs Can Sell Inherited Property in India

By siliconindia   |   Monday, October 8, 2012   |    2 Comments

Bangalore: Sometimes selling real estate properties in India could turn into a nightmare mainly for people who have been living abroad for a long time. Although NRIs (Non-resident Indian) are now investing on properties in India, selling inherited property could be confusing and tough, especially if they are unaware of the procedure in detail. Below listed are few steps which can help NRIs to sell their inherited property in India, reports Deepa Venkatraghvan of Economic Times.

First: The title of inherited property should be transferred to your name                                          

When you plan to sell your inherit property in India, the first and the foremost thing which you need to do is transfer the property title to your name. And, you can transfer the title through a process called ‘mutation of revenue records.’ To avail this process, you need a copy of the property Will and if you do not have a Will then you can ask for a Succession Certificate, which will be issued by the local court.

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