Property Gift To Daughters

In your case your father will execute a Gift Deed in favour of Your daughter on the Stamp Paper of the value fixed by the State Government. He being Owner of land will gift the land without consideration but out of natural love and affection to his kins. Then there will be no buyer and seller as you apprehend. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

As per the Transfer of Property Act, the transfer of a house property under a gift, has to be effected by a registered instrument/document, signed by or on behalf of the person gifting the property and should also be attested by at least two witnesses. Sale deed: This transaction takes the form of a typical sale. In this process, a new sale deed must be created, clearly mentioning the portion of the property that is being transferred in the name of the co-owner. As with all sale deeds, this deed must be registered at the sub-registrar’s office of the area concerned. Stamp duty and registration charges would be applicable at the time of registration of the new sale deed. Gift deed: Property ownership can also be shared by way of gifting a portion of the asset to the intended beneficiary. In this process, a deed of gift must be executed and duly registered at the sub-registrar’s office of the area concerned. Stamp duty and registration charges would be applicable at the time of registration of the gift deed.