Father can execute gift deed in your favour
gift deed should be duly stamped and registered
then apply for mutation of property in your name
I am alone son of my father and want to get the property in my name at my home town . I stay in a different state from my home town due to job and want to initiate the process. Please advise on legal steps for the same.
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Father can execute gift deed in your favour
gift deed should be duly stamped and registered
then apply for mutation of property in your name
Thank You , How to initiate a gift deed. ? How can I get a sample ? Whom should I approach to to get a gift deed ?
A gift deed must be made by your father in your name. Then you can take possession of the property and the gift is complete.
Regards
A gift deed must be made by a lawyer who should incorporate all tge necessary details and 2 witnesses should sign the same.
Engage a local lawyer for drafting gift deed
no standard format is available
your father would have to pay stamp stamp duty and registration charges fir gift deed
Dear Sir,
After Life time of your father, it will devolve on his wife and his only son (you), each half share.
After her (your mother) Life time, her half share devolve on you. Thus you shall become a single owner for the whole property.
If you want to have the now itself, during the lifetime of your father, you can get a settlement deed executed by him in favour of you and get it registered.
The cost for Registration is less only.
But if you want to claim right now then you have 2 options-
Any other option as per HUF is not available or may be suggested by Lawyer.
- If your father is absoluete owner of the said property , then the said property can be transfered in your name by executing a registered Gift Deed.
- The amount of stamp duty payable onGift Deed is same as in a regular sale.
- However, since your father will transfer the said property to you, he will get rebate in the stamp duty.
- The registeration of Gift deed is mandatory as per law .
- Try to engage a local Lawyer for the drafting and registeration of the Gift Deed.
Good luck and dont forget to rating Positively.
Execute POA in favor of father, than he will execute gift deed in your favor, if you cannot be present for registration of gift deed.
Otherwise, Gift deed will execute, both presence will require, 3% stamp duty and will register at sub registrar office.
1. Let your father gift the property to you by registered Gift Deed in the jurisdictional Sub Registrar's Office.
2. You can approach a Lawyer to draw the Gift Deed and get it registered. In this way you can become the owner of the property.
Your father needs to pass on this property to you under a gift deed.
You need to pay the applicable stamp duty and registration fee on this gift deed. Make your you get the gift deed registered.
Let a local lawyer in your hometown walk you and your father through all the formalities involved.
The best thing for you to do would be to have your father execute a Gift Deed in your favour for the property. You will need to pay stamp duty on this as per the prevalent circle rates, but this is the cheapest option available to you. To secure yourself, you should also have the Gift Deed registered.
a gift deed is drafted with the help of a lawyer and it describes what is being transferred and to whom. Gift Deed is a contract between donor and the donee which defines simultaneous and reciprocal act of giving and taking. A gift to be valid must be made by a person voluntarily and not under compulsion without any exchange of money.
Dear Client,
Your father may transfer the property he owns by a gift deed or transfer deed by a will.
But Gift deed is the best option. Get gift deed drafted by a advocate. You have to get registered in the office of the land registrar of your region.
Dear Sir,
You may take help of local lawyer who will draft the gift deed and send it to
You for your approval online.
Gift deed is best option and it is very economical as well your father can execute a gift deed get it registered and transfer the property in your name after payment of required stamp duty for transferring the property
See your father can register a gift deed in your favor or can make will so that on his demise you receive the complete property.
In life it can be done through the gift deed , the deed need to be registered and stamp duty on same has to be paid.
See you can engage an advocate to draft the deed for you, samples you can find on google for your reference though you will need help of advocate for same and registration of gift deed.
Your father can execute a Gift deed in your favour for transfer of property to your name.
Your father can visit tehsil of your area for drafting of deed as per requirement and registration.