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FATHER-IN-LAW CAN TRANSFER HIS PROPERTY TO DAUGHTER-IN-LAW
24-Jul-2023 (In Property Law)
Sir, I want to know whether Father-in-Law can transfer his own property to his 2 daughter-in-law and grand sons through settlement deed. If then what will be Tamilnadu Registration Fees for this. Please explain in detail.
Your father in law can very well execute a settlement deed in favour of the 2nd daughter in law provided he has valid title to the property and also to his grandsons as per his desire and wish.
The stamp duty for this will be 1% On the market value of the property but not exceeding Rs.25000/- and the registration charges will be 1% on the market value of the property subject to a maximum of Rs.4000/-.
The stamp duty for this will be 1% On the market value of the property but not exceeding Rs.25000/- and the registration charges will be 1% on the market value of the property subject to a maximum of Rs.4000/-.
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Adv. T Kalaiselvan
Vellore | 400+ Answers
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Is it possible to cancel Dhana settlement?
A gift deed cannot be canceled once it has been executed. The gift deed may be cancelled if the gift deed is forged. Forgery is an acceptable ground for canceling a gift deed, as per the Indian Contract Act of 1872 and the Transfer of Property Act of 1882.
Can Dhana settlement be revoked?
The settlement deed cant be unilaterally revoked once it has been signed. Only a civil court can overturn this. The settlement deed cant be revoked after it has been registered. You must therefore apply to court for cancellation, and file a declaration lawsuit. 14-Sept-2022
What is Dhana settlement?
A dhana settlement in Hindu Law is a family arrangement that involves the members of the family coming together to agree on how they will divide their property. 16-Jul-2017
Which is better settlement deed or gift deed?
What is better, a settlement deed or gift deed? A gift deed is the best option. The best option is to use a deed of gift, as the property will be transferred immediately from the donor to recipient while the donor is alive. The best way to avoid stamp duty is by using a gift deed.
Father in law can not execute a settlement in favour of his daughter in law. He can execute the settlement deed in favour of his grand son.
Father in law can not execute a settlement in favour of his daughter in law. He can execute the settlement deed in favour of his grand son.
Father in law can not execute a settlement in favour of his daughter in law. He can execute the settlement deed in favour of his grand son.
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Adv. V Arunagiri
Chennai | 25+ Answers
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He can very well transfer the property to his grandson or grand daughter, in Tamilnadu the said transfer is considered as within family member as GO, the stamp duty maximum 25,000/- excluding registration fee and advocate fee
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