Can the gift deed cancelled?
I am A.KARTHIKEYAN from chennai and working in a pvt company. We are 4 in the family. 2 elder sisters & 1 elder brother i am having. My Father had a property via his father's settlement deed around 5000 SqFt.
2 Years before my mother requesting my father to divide the property into 4 and given settlement to us and i have my part in the end for 1000 Sqft.
In this i have changed house tax, EB ownership & Patta and got a loan in a private bank at chennai and alters my property and giving a monthly amount of Rs.3000/- to my parents.
My first sister got 950 Sqft and build a house on the half of it.
My Brother gets 1st front Portion of the property and my 2nd sister get the 3rd portion of the property.
My sisters and brother not giving monthly any money to my parents. Now my parents asking me only for more money. It is very difficult to me and i explained them my position.
Now, My 2nd sister and my brother planning to sell the property. My parents get angry and they told to cancel the gift deed to all.
My question is will my sisters have rights to get the property? and If it is possible for my father
to cancel the gift deed?
Anyway i am ready to everything for my parents well living in their final days with pleasure.
Kindly help me in this regard.