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IHi all,
A close relative recently lost her husband. Unfortunately, due to lack of nominee details, it seems succession certificate will be required to get the assets transferred to her.
The value at stake is 50 lacs+.
We are talking to different lawyers but finding difficult to understand how to make final choice on how to proceed.
Wanted to understand from the community –
1) What would be the typical cost in such case?
Across court fees, lawyer fees and other things (e.g. newspaper notice)A lawyer we consulted quoted almost 8% of value (3.5%+4.5%), but seemed confident to get it done.
2) How much time this typically takes? We heard 6 months
3) What are some risks to be managed?
To ensure it goes through and we get the certificate.4) How should we structure the payments to link it to the success? To avoid burning money with nothing in hand
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BHere’s the blunt truth about what you’re dealing with in Chhattisgarh and how to manage the situation with this whole succession certificate thing.
1) **Cost Breakdown:**
– First off, this lawyer quoted you 8% of the value? That’s **ridiculous**. Anything over 5% is highway robbery. Typically, in Chhattisgarh, lawyers charge anywhere from 2-5% for a succession certificate depending on the value of the estate.
– **Court fees**: Expect around Rs. 500 to Rs. 5,000 depending on the value of the assets. It’s not much, but it can vary.
– **Notice in newspaper**: The court will ask for a public notice in a local newspaper, which costs around Rs. 1,000 to Rs. 5,000.
– **Total estimate**: Ideally, for a 50 lakh estate, you’re looking at around Rs. 1 lakh max if you’re paying fair fees (including the lawyer, court fees, and newspaper notice). If the lawyer is asking for 8%, then that’s pure daylight robbery. Get a second opinion.2) **Timeframe:**
– 6 months? Yeah, that’s realistic. It can drag on for up to 1 year in some cases, depending on how complicated the paperwork is and if anyone raises objections. Don’t expect instant results. Courts move slow, especially in smaller states.3) **Risks to Manage:**
– The biggest risk here is someone raising objections, like other relatives who may come out of nowhere to claim a stake. If there’s no will or nominee details, expect some family drama. Be ready for that. If no one contests, it should go smoothly.
– Another risk is **incorrect paperwork**. If anything is misfiled or wrong, it will get delayed even more. You need a lawyer who knows their stuff, not one just trying to collect a fat fee.
– Don’t ignore the **public notice**. If no one sees it or challenges it, you’ll be fine. But if someone objects, they have the right to contest, which could delay things further.4) **Payment Structure:**
– **Link payments to success**, obviously. You don’t want to pay the full 8% upfront. You can either do a **fixed retainer** (say 10-20%) to start and the rest only after the certificate is granted.
– Make sure **no advance full payment** without clear deliverables, or you’ll end up getting scammed. Always have a clear agreement that says you’ll pay in installments based on progress, or better yet, success.In summary:
– Don’t let anyone fool you with over-the-top fees. A reasonable lawyer should be asking for a flat fee or a percentage that doesn’t cross 5%. Get multiple quotes.
– This whole process will take some time – don’t expect quick results, but manage your risks by making sure you’re on top of the paperwork and are ready for family disputes.
– Pay only for results. Link any further payments to actual progress or the certificate being issued.Make sure you keep everything documented. Don’t take any chances with these sharks.
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