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What is the court fee for obtaining succession certificate of value of 56 lacs. Asked 7 years ago in Civil Law. Ask a question and receive multiple answers in one hour. Lawyers are available now to answer your questions. Ask a question. 6 Answers. Dear Concerned, For an asset valued between. Rs 1,001 and Rs 50, 000, it is 2 per cent,
How much does it cost to get a succession certificate and how much time does it take? Answers (2) Answer #1. You need to file a petition under section 372 of the Indian Succession Act for grant of succession certificate before the concerned court. Death certificate will be required, apart from the additional requirements.
As per my knowledge, apart from lawyer’s fees, Two per centum on the amount or value of any debt or security specified in the certificate under section 8 of the Succession Certificate Act, and three per centum on the amount or value of any debt or security to which the certificate is extended under section 10 of the Act. Helpful? 31+.
Aug 5, 1999 · Mode of collecting court-fees on certificates.--(1) Every application for a certificate or for the extension of a certificate shall be accompanied by a deposit of a sum equal to the fee payable under the Court-fees Act, 1870, in respect of the certificate or extension applied for.
1. Shares can be transferred only if he has made a nomination. In the absence of nomination, the beneficiary/legal heirs will require a succession certificate to realise the assets. 2. Court fee has to be ad-valorem on the basis of value of assets claimed in the petition for grant of Succession Certificate.
Dec 10, 2013 · A succession certificate is issued by a civil court to the legal heirs of a deceased person. If a person dies without leaving a will, a succession certificate can be granted by the court to realise the debts and securities of the deceased.
10 Answers. Since the valuation of your succession suit exceeds Rs. 50 lacs, expect to pay something in between 6-7% of the total valuation as court fee. Get in touch with a local lawyer to know exact amount of court. Lawyer may charge you anything in between 70k-1 lacs to get this done. Vibhanshu Srivastava.
