Will – Stamp Duty, Notary or Registration Process
What is Will? –
In a Will, a person (Testator) states that after his death how his self-acquired movable and immovable property or part which he owns in the ancestral property gets distributed.
Stamp Duty – No Stamp Duty is Required for the Will.
Registration or Notarization –
Registration is not compulsory but if it is registered, it will surely minimize the chances of a dispute between the Legal Heirs.
Notary Process –
Once the Will is finalized the Testator can get it notarized by an Authorized Notary. Capture a video of the entire notarization process to avoid any complications in the future.
Registration Process –
The following process should be done by the Testator –
- The signing of the Will in the presence of two Witnesses,
- Presenting the Will with the Attachment of Identity proof of Testator and two Identifiers in the Sub-Registration Office,
- Admitting the content in the Will in front of Sub-Registrar,
- Presenting two identifiers who knows the Testator,
- Paying the required Registration Fees and Document Handling Charges,