Hi, joint owner can execute gift deed to your son by executing single gift deed.
Can joint property be gifted?
myself and two of my sister is the joint owner of a property which we all want to gift to my son , my question --Is it possible to gift by co owners to my son .?If yes -- can we gift by single gift deed or three separate gift deed required?
Asked 9 years ago in Property Law
7 Answers
1) joint owners can execute gift deed in favour of son by a single gift deed
2) gift deed has to be duly stamped and registered
Yes, owner or joint owners can always gift their self acquired property to any one she/he chooses.
1. If you all are holding the property jointly without being divided or partioned then you can jointly sign a single gift deed in favour of the donee,
2. The Gift Deed is required to be witnessed by two witnesses and registered.
1. If all the co-owners are into a positive agreement to gift their property to your son then a single gift deed will suffice.
2. All co-owners must sign the gift deed before presenting it for registration.
Hi,
1. All you three can jointly make a gift deed and get it registered after paying stamp duty .
2. No need of separate gift deed if all of you are willing to gift your each respective shares.
3. once all three joint owners gift the property by a regidtered gift deed the property will be absolutely his
Hello,
1) All you need I'd a joint gift deed signed by all co owners .
2) It needs to be duly stamped and registered.
