• Query on property

I have a house which is gifted to me by my wife(duly registered).This house is gifted to my wife by her Mother which is also duly registered. After my Mother in law’s death my brother in law claimed 50% of the said property and sued us.This case is still pending in court( Please note that this case is not the issue and we have upper hand in the case). In the mean time,I gifted my housing property to a local promoter. In return he gifted me two flats. These three gift deeds are duly registered. I also paid stamp duty and registration charges for the two flats but I have n’t still taken possession of the flats neither did I vacated my old house. Actually I have 2 months to vacate my property. In the meantime , the promoter is pressurizing us to surrender him the original property deeds.( the one which my wife gifted to me and the one which her Mother gifted to her) Point to be noted –the original of the deed which I gifted to the promoter rests with the promoter. This is the issue. I have a case pending at court,how can I give the original deed. The promoter is saying that he need the above document to apply for loan. Is this at all needed? Do you think he is upto any ill motive? If yes what he can do? How can we tackle the whole situation?
Asked 6 years ago in Property Law
Religion: Hindu

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9 Answers

1.In general circumstances while a person buys a property he is entitled to all the back deeds in relation thereto.

2.in this case the deed you made with the developer is not an outright sale and you still retain title over it by way of getting 3 flats to be built therein.

3. In that event the developer cannot insist you to handover all the past deeds.

4.moreover since there is a case going on in court you have every reason to refuse the demand of the developer.

5. If you refuse to handover him the past deeds the developer does not have much legal recourses.

Devajyoti Barman
Advocate, Kolkata
22815 Answers
488 Consultations

5.0 on 5.0

For applying of loan you title deed is not required .. Bank can grant loan on the bases of transfer deed that you did in the favour of promoter..

Hemant Chaudhary
Advocate, Gurgaon
4630 Answers
67 Consultations

4.9 on 5.0

1) once you have executed gift deed to promoter he would be absolute owner of the property

2)promoter needs original chain of title documents to apply for loan

3)you can keep certified copy of the original documents

Ajay Sethi
Advocate, Mumbai
94690 Answers
7527 Consultations

5.0 on 5.0

1. In then instant case both of you require the original link deeds. You need the same for submitting before the Court if asked by and he needs the same for submitting before the lender Bank.

2. You both can come to a compromise since he can submit the certified copies of the said link deeds to the bank which is sufficient for the bank to provide the loan ( at maximum the bank can ask you to show them the original before taking them back giving an undertaking that you shall submit the same if required by the bank and/or when your case will be over).

3. Alternatively, you can directly submit the said link deeds to his lending bank after taking an undertaking that the said link deeds will be produced by the bank before the Court as and when required by you.

4. If you have the evidence/proof that the said link deeds are with the bank, you can ask the Court to direct the bank to produce the same before the Court when required.

Krishna Kishore Ganguly
Advocate, Kolkata
27219 Answers
726 Consultations

5.0 on 5.0

As per law it is the duty of the vendor to handover the entire title documents and other relevant documents to the buyer at the time of executing a registered sale deed in favor of the buyer.

The vendor cannot retain any document with him for any reason.

He can get a photocopy of all the documents, get it attested through a notary public or a gazetted officer which can be produced before court citing the said reasons.

In fact the documents become part of the property of buyer.

You cannot refuse the developer about this.

T Kalaiselvan
Advocate, Vellore
84890 Answers
2190 Consultations

5.0 on 5.0

You can give him certified copy of deed

But if you have sold your property you have to give original documents of title

Ajay Sethi
Advocate, Mumbai
94690 Answers
7527 Consultations

5.0 on 5.0

The link title documents may be necessary for applying for loan through bank for developing this project hence the builder may be insisting on it.

You may keep an attested copy with yo and handover the original with an acknowledgment from him for the receipt for the same.

T Kalaiselvan
Advocate, Vellore
84890 Answers
2190 Consultations

5.0 on 5.0

1. No. It will be risky for you to handover then original link deeds to him when he has not yet completed construction of the flats which he has gifted to you since if he refuses to complete the same then you shall have no recourses against him as it is a gift deed only and not a sale deed for which you can not take him to court for not completing the flats already gifted to you by him. Moreover, gift deed is considered as invalid unless the donee has received and accepted the gift .

2. In the instant case, the gift deed already registered is invalid since you have not yet received and accepted the gift which is even not yet ready for taking possession by you.

3. The situation warrants you to be careful now and take possession of the gift at the earliest after it is ready and showing that you had taken possession of the same on the date when the said gift deed was registered.

Krishna Kishore Ganguly
Advocate, Kolkata
27219 Answers
726 Consultations

5.0 on 5.0

there is no need for you to give the back deeds to the promoter.

Anilesh Tewari
Advocate, New Delhi
18078 Answers
377 Consultations

5.0 on 5.0

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