1) map of plan of property is not required to be attached with gift deed
2) gift deed without map is sufficent
3) better option is to execute relinquishment deed to relinquish your share in property
If there are four legal heirs to a property.. after the fathers death..Now if they want to gift their shares of the property to any one and become a sole owner via gift of deed... Q. My question is wether a map of plan of the property is requiered to attached again with the registered gift deed or not? Q. Only Gift Deed Without map is fine?
1) map of plan of property is not required to be attached with gift deed
2) gift deed without map is sufficent
3) better option is to execute relinquishment deed to relinquish your share in property
1. No if index with previous deed is registered property is properly demarcated map is not required.
2. Yes it is fine.
yes our father was joint co-owner of the building with his other three brothers living with thier respective share by the virtue of deed of partition and a layout map is also attached where things are demarcated well. Now as our father died and we the legal heirs want to execute a gift deed in favour of one and so do we need to attach our fathers map layout of demarcation?
If the cosharers would like to transfer their respective share in the property to one of the chosen shareholders among themselves, they can execute a registered release deed relinquishing their rights in the property.
Better you can go through relinquishment deed. The stamp duty is similar to that for a gift deed. However there is no discount for relatives, nor are there any tax benefits. Also, both stamp duty and tax will be applicable only on the portion of the property that you relinquish, not on its total value.
1. for conveying the titole of the property, the Registrar's office require the Map of the schedule.
2. Gift Deeds in connection with the undemarcated and undivided share of the property can be registered with the Map of the entire property in question.