LawRato

how can i gift my property to my daughter?


28-Oct-2023 (In Property Law)

A plot has been allotted to by Greater Noida Industrial Development Authority. I intend to gift it, completely free of cost, to my daughter. I have two daughters & two sons. The plot is completely mine. Pl. tell the proper legal procedure for this.

Answers (1)

Answer #1
662 votes
Sir, in order to transfer the plot during your lifetime to your daughter you have to convert the plot to freehold and then you may draw up a gift deed in her favour and have it duly registered which is a safe and sure way of ensuring that she actually receives the plot. The alternative is to execute a will in her favour which will come into play after you
People also ask

Is it worth buying property in Noida?

Delhi NCR is one of Indias fastest growing regions, with a high number of white-collar positions and a top-notch infrastructure. Real estate in Noida has become very lucrative as the prices of real estate in Delhi are at an all-time high. 30-Jan-2023

Which sector is best to buy property in Noida?

The Best Sectors to Buy Property in Noida If youre looking for prime real estate, Sector 18 may be a good choice. The commercial establishments and the shopping centres are what make this sector so popular. If youre looking for affordable housing, Sector 137 may be a good choice.

Should you buy freehold property?

You can use your property however you want, as long as you own it freehold. You will not be restricted in terms of buying or selling and you wont require permission from any government authority. 12-Jul-2023

Is freehold property legal in Noida?

The authority has not approved any freehold property, whether it is a land or flat located in Noida and Gr Noida. All authority flats/societies or land are leased. Anyone who tells you the land is freehold, and that there will be no problems in the future with authority is lying and making you a fool.

  

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."