You can execute registered gift deed in favour of your daughter
2) it should be attested by 2 witnesses
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
Would I have to pay for solicitor to do it and how much roughly is it plZ
You can execute registered gift deed in favour of your daughter
2) it should be attested by 2 witnesses
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.
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.
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.
Make a gift deed in favour of your daughter. The property is in uk so hire an attorney from there only , there charges vary .
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.
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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.
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.
- 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.