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Can property GPA holder sell property to his son? Is it valid?
25-Sep-2023 (In Property Law)
"A" got the property from "B" through registered GPA. Now "A" wants to sell the property to third person. Question is : Would the transaction be valid, if "B" doesnt come for registration? Because, we dont know where B is? Also can "A" sell the prperty to his kid, by paying the stamp duty charges? Some of them said that, selling the property to kids may not be valid , Since A is GPA holder. In the GPA, it says A can sell it to anyone including family. Pls commment
He can sell it to his family members as well
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Adv. Siji Malayil
Bangalore | 25+ Answers
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But it’s not with retrospective effect; existing properties that have been purchased from a GPA holder (before October 11, 2011) won’t be affected. Even those who hold a GPA today can “regularize” it by converting it into a sale deed, but they can no longer sell it to a third party.
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Adv. Chandrashekhar Vithal Jadhav
Bangalore | 200+ Answers
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