He can either make will of same or can gift you same code registered deed in your favor.
How Ancestral property transfer which is in my fathers name to my name
Currently my ancestral property is in my fathers name who is very old and want to transfer into my name what is the procedure
urrently my ancestral property is in my fathers name who is very old and want to transfer into my name what is the procedure
kindly clarify on what basis you say it is ancestral property
2) property which has remained undivided for 4 generations is ancestral property
3) father can execute will bequeathing his share to you
father can execute will in your favour
2) if it is not ancestral property father can execute gift deed in your favour
3) gift deed should be stamped and registered
Hi,
You have not mentioned as to how many brothers and sisters you are. However, it is informed that the said transfer can be through gift deed through which you may become the owner of property instantly. The other method is gift deed through which you will have get the will probated after death of your father.
He will have to execute gift deed to transfer ownership in your name - in his life time.
Through Will - after his demise.
1. Ancestral Property has to be duly Partitioned via a Civil Court Partition Decree in favor of "ALL" the relevant beneficiaries (claimants).
2. However IF you are the only residual legal heir of Father, THEN the property can simply be transferred via a registered Gift Deed with strategic clauses and for this there is no need for any Partition Decree.
HI
Since the property is in your father's name, he can execute a registered settlement deed(since it is an ancestral property) in your favour.
if your have any brother's /sisters/mother then they should also sign the settlement deed as consenting witnesses.
If the property is self acquired property of your father, then a registered gift deed executed by your father in your favour alone is sufficient(no need to have brother,sister, mother included in the sale deed as consenting witness.
Hope this information is useful.
You can nominate it as now couldn't transfer it. But you do have equal share in the ancestral property like father.
If the property is on your father's name then it cannot be termed as ancestral property.
Your grandfather's property acquired as your father's share is not an ancestral property to you.
Therefore ascertain that how this will be an ancestral property and if you still confirm that it is an ancestral property, then the share of your property shall again be divided into number of shares to the number of children plus his own share, hence you can get only one such share in it.
You can file a partition suit for seeking your share in it.
If the[property is on your father's name then it cannot be ancestral property, it can be considered his own and absolute property.
In that case he can transfer the property to your name by executing a registered settlement deed.
If the property is in your father's name he can either transfer the property through a gift deed or through a will.
Regards