• Gift my property to daughter

I want to gift - transfer my property to my daughter which is paid for no mortgage, what is the best way and easiest way to do this plZ
Asked 4 years ago in Property Law
Religion: Other

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15 Answers

You can execute registered gift deed in favour of your daughter 

 

2) it should be attested by 2 witnesses 

Ajay Sethi
Advocate, Mumbai
99984 Answers
8162 Consultations

You can transfer the property to your daughter's name by executing a registered gift settlement deed in her favor.

You may have to transfer it by a registered deed before the concerned registrar within whose jurisdiction the property falls. 

T Kalaiselvan
Advocate, Vellore
90184 Answers
2506 Consultations

Any immovable property can be sold, purchased or gifted  by person residing abroad through Special Power Attorney to any person residing in India or abroad. The procedure is, draft a special power of attorney on Indian judicial stamp paper of 100 rupees which  is available in all countries  or even on white paper giving SPA to any of your relatives/friend to sell/gift  the property.  Go to Indian consulate/high commissioner and get SPA attested which  the consulate official will readily do. Due to pandemic walk-ins to Consulate are suspended, you can get the SPA attested online. Send the SPA to the person named, he will take the SPA to the District Registrar who will validate it by putting his seal and signature. Fee for validation of SPA is 1 % if it is given to blood relation if given to other person it is 2% of government valuation of the property. With the validated SPA you property can be gifted by person named to the person intended. Both the donor and donee have to draft a separate GPA. The procedure  for both is same only difference is in drafting. Generally stamp duty for registration  of gift deed is 2 % of market value  if gifted to blood relative. To a stranger it higher up five per cent. If the State in which  property is located exact figures can be given. A gift deed is correct option.

Ravi Shinde
Advocate, Hyderabad
5133 Answers
42 Consultations

Dear Client,

You can execute a registered gift deed in her favor.

Thank you

Anik Miu
Advocate, Bangalore
11069 Answers
125 Consultations

A gift deed must be made and registered in the name of your daughter and she has ro take possession of the property. Engage a lawyer.

Rahul Mishra
Advocate, Lucknow
14114 Answers
65 Consultations

The gift deed has to be made and registered before the registrar office.

Rahul Mishra
Advocate, Lucknow
14114 Answers
65 Consultations

Make a gift deed in favour of your daughter. The property is in uk so hire an attorney from there only , there charges vary . 

Khyati Malik
Advocate, Bhopal
91 Answers
2 Consultations

Execute a registered gift deed

Prashant Nayak
Advocate, Mumbai
34663 Answers
249 Consultations

Dear Querist

If the property is in India and You are in Abroad and willing to gift the property to your daughter then you may execute a Power of Attorney and based on that power of attorney the gift deed can be executed in her favour by your power of attorney holder.

 

The stamp duty will have to be paid as per circle rate of the property applicable in the area.

 

Feel Free to call  

Nadeem Qureshi
Advocate, New Delhi
6348 Answers
302 Consultations

1. You shall have to register a gift deed conveying the title of your property in favour of your daughter.

 

2. You shall have to engage a lawyer in India for drafting the said gift deed and get it registered.

 

 

Krishna Kishore Ganguly
Advocate, Kolkata
27736 Answers
726 Consultations

1. The lawyer might charge his fees which will be around 1% of the running value of the property being gifted.

 

2. The stamp duty and registration fee will have to be paid by you separately at actuals which will depend on the value of the property. 

 

Krishna Kishore Ganguly
Advocate, Kolkata
27736 Answers
726 Consultations

Transfer the property to your daughter by means of a gift deed. 

Vibhanshu Srivastava
Advocate, Lucknow
9765 Answers
323 Consultations

- You can transfer your property in the name of your daughter after executing a registered gift deed .

- No tax, stamp duty charged due to being blood related. 

- Solicitor fee depend upon the person to whom you engaged for the said work as it is not fixed. 

Mohammed Shahzad
Advocate, Delhi
15844 Answers
243 Consultations

Legal fees vary depending upon lawyer engaged by you 

Ajay Sethi
Advocate, Mumbai
99984 Answers
8162 Consultations

You may have to pay the service charges for the service provider besides the stamp duty and the registration charges that may incur for this transaction. 

T Kalaiselvan
Advocate, Vellore
90184 Answers
2506 Consultations

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