Farm land in Firozepur Punjab
My father would like to transfer his ancestral farmland to my name. My father has a dual citizenship (India and Canada) and I am born in Canada. I have a business in India where I am the Managing Director, I also hold a pan card and a few Indian bank accounts.
We will both be visiting Punjab this year to take care of this. I would like to get an idea of what information and process would need to followed in order to execute this and if there is any fees associated to getting this done.
Asked 8 years ago in Property Law
Religion: Sikh
The agriculture land has already been mutated and my father's portions from his late father has already been divided to him and his siblings. So I guess this means that it's not ancestrial anymore.
Sorry, he is not a dual citizen, he just has an OCI/PIO card.
I am a Canadian citizen, born in Canada. I don't have an OCI/PIO card either. Since I am not an Indian Citizen, can he still transfer the land via gift deed? If so, what is the fee?
My father is getting older and showing signs of Dementia so we were thinking that if he transferred it to my name (his son) then we can manage and control the property a little better. If the property cannot be gifted to me then what are my other options? Will it just transfer to next of kin if he passes and at that point, we get it under my name? Maybe a POA may better for now. In the end we are looking to sell it but rates are quite low right now and selling it may take quote some time.
Asked 8 years ago