Posted in Bangalore, Gift deed, India, Indian Property, Indian Real Estate, Property Registration, Real Estate, Residential Property, Transfer, tagged Bangalore, Bank, Gift deed, Indian Property, Indian Real Estate, Karnataka, mortgage, Property Registration, property transfer on September 30, 2011|
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Question asked from Mr. Saravanan from Bangalore, India:
There is a property in Bangalore which is on my mother’s name, and is mortgaged. I am paying the EMI to the bank. My mother wants to gift the property to me through a gift deed. What are the formalities, documentation, cost and procedure to complete the registered transfer through a gift deed?
Thanks
Saravanan
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Posted in Gift deed, India, Indian Property, Indian Real Estate, Khata, legal, Real Estate, Real estate legal india atOnePlace.com, Residential Property, Transfer, tagged Gift deed, Indian Property, Indian Real Estate, khata transfer, property transfer on September 30, 2011|
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Question asked from Ms. Partiben from India:
We are 6 siblings, My aunt has gifted herself acquired property to me through a registered and unconditional Gift Deed 10 years ago in which 2 of my sisters are witness. I have not got the khatas transferred to my name as yet nor am I living in the gifted property. Now my aunt has threatened that she will cancel the Gift Deed unless I pay a certain sum to my other brother and sisters. Please advise how I can defend this Gift without obliging my aunt or other siblings.
Thanks
Partiben
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Posted in Gift deed, India, Indian Property, Indian Real Estate, legal, Parking allotment, Possession, Registration, Residential Property, Sale Deed, Sale of Properties, Transfer, tagged car parking, gift dee, Indian Property, Indian Real Estate, Property Title, property transfer, stamp paper on September 30, 2011|
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Question asked from Mr. Hiten from Mumbai, India:
Hello, I am staying in Cooperative Housing Society in Mumbai. We had purchased two flats namely flat number 101 and 102 during year 1982. One of the flat was purchased in name of my father and other in favour of my uncle. Being joint family, we removed the common wall and made single flat instead of two. The both flats were alloted one open car paking space at the time of purchase from builder. Thus, we have two car parking space in a total. Before few years we bought another two flats namely flat number 301 and 302 in very same building but without car parking. After mutual understanding, we had transfered the flat number 102 in favour of my uncle by way of gift deed. But, no where on gift deed it is specified that parking has been transfered in favour of my uncle along with flat. In such a case, how can I claim our right for car paking space ? Can I simply take declaration from my uncle on plain paper that he has no objection if society is willing to transfer parking space to us or do we need to make any agreement on stamp paper ?
I look forward to receive your quick response.
Thanking you.
Hiten
Thanks
Hiten
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Posted in Gift deed, Indian Property, Indian Real Estate, Karnataka, legal, Sale Deed, tagged Gift deed, Indian Property, Indian Real Estate, mortgage, Property Registration, Stamp Duty on September 28, 2011|
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Question asked from Mr. Raffic Ahmad from India:
I have 1 acre converted land in Rural Karnataka. I am building a house there. It was mortgaged to a bank. I have paid half amount and released half from the bank. I want register this half to my elder brother with that under construction house. Is this can be registered under gift deed? How much I have to pay stamp duty?
Thanks
Raffic Ahmad
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Posted in Gift deed, Indian Property, Indian Real Estate, legal, Sale of Properties, Transfer, tagged Gift deed, Indian Property, Indian Real Estate, sale of property on September 28, 2011|
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Question asked from India:
If I get a piece of land through a gift deed, can i sell the property in future with out the consent of the donor?
Thanks
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Posted in Gift deed, Indian Property, Indian Real Estate, NRI, Property Registration, Residential Property, Transfer, tagged Apartment, Indian Property, Indian Real Estate, notarized affidavits, power of attorney, Property Registration, property transfer, will on September 28, 2011|
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Question asked from Ahmed Pasha from USA:
My mother has gifted her apartment to 3 out of 4 siblings in her hand written WILL. All three of us reside abroad. She passed away last year. What would be the procedure to get this property transferred in our names? Is our presence required in India to do this transaction?
Thanks
Ahmed Pasha
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Posted in Gift deed, Indian Property, Indian Real Estate, legal, Property Registration, Transfer, tagged Gift deed, Indian Property, Indian Real Estate, Property Registration, property transfer on September 28, 2011|
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Question asked from Mr. Arjun, India:
Dear Mam, I am Arjun and my query is that my parents want to transfer property (land with factory, self earned) to me. What is the best possible way to get registered in my name? Will I be taxed?
Thanks
Arjun
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Posted in atoneplace.com, Bank, Gift deed, India, Indian Property, Indian Real Estate, Karnataka, Property Registration, Real Estate, Real estate legal india atOnePlace.com, Registration, Residential Property, tagged Bank, Gift deed, Indian Real Estate, mortgage, Residential Property, Stamp Duty on January 25, 2011|
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Question asked by Mr Raffic from Karnataka, India:
I have acre converted land in rural Karnataka. I am building a house there. It was mortgaged to a bank. Now I repaid half amount and released half from the bank. I want register this half to my elder brother with that under construction house. is this can be registered under gift deed. How much I have to pay stamp duty.
Thanks
Raffic
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Posted in Bangalore, banglore, Bank, Buy Real Estate, Gift deed, India, Indian Property, Indian Real Estate, Karnataka, Parent deeds, Property Registration, Real Estate, Registration, Residential Property, Sale Deed, Sale of Properties, tagged Bank, co-owner, Gift deed, Indian Property, Indian Real Estate, Loan, Property Registration, Residential Property, sale agreement, Sale Deed, tax benefit, taxation on October 27, 2009|
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Question asked by Srijith Menon from Bangalore, India:
Hi, I have purchased a flat in 2006 Nov taking a loan from ICICI bank where my wife is a co-applicant. But the registration was done only on my name since my wife was traveling overseas that time. Now from your columns I understand that to avail the tax benefit the co-applicant has to be the co-owner also. Can you please tell me the formalities & normal taxation / charges included in this procedure of re registering the sale agreement to make wife as the co-owner along with me. Since the original sale agreement is with the bank how do I retrieve it, will the bank allow me to take it out for doing this transaction or with out the original sale agreement, I can get this done (I have the duplicate copy of the sale agreement duly stamped & certified by the registrar with me)
Request you to clarify this so that both of us can avail the tax benefits.
Regards
Srijith Menon
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Posted in atoneplace.com, citizen of India, Gift deed, Index of land, India, Indian Property, Indian Real Estate, Loan, Real Estate, Real estate legal india atOnePlace.com, tagged bank loan, Gift deed, Indian Property, Indian Real Estate, Residential Property on October 8, 2009|
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Question asked from India:
Hello,
I have purchased a flat though loan and the loan is not yet closed. Is it possible to gift the flat to my father through gift deed and still can i pay the loan amount. Please clarify.
Regards
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