(property rights transfer , settlement DEEDor gift DEED or GPA)
02-May-2023 (In Property Law)
SIR/MADAM, (property rights transfer , settlement or gift or GPA) MY GRAND FATHER (MOTHER'S FATHER) EXPIRED IN THE YAER 1987 LEAVING BEHIND WIFE , 2 SONS & 2 DAUGHTERS. HE HOLDS A PROPERTY OF 600 SQ YARDS PLOT WITH OLD HOUSE . IN LATTER YEARS WIFE & ONE SON EXPIRED & EXPIRED SON WAS UNMARRIED/SINGLE . Now 2 daughters & son are existing . Existing son is also unmarried/SINGLE & 2 daughter are married leading their RESPECTIVE liVES. As on date son & daughter are settled in USA & NOT WILLING TO COME BACK TO INDIA. Other daughter is settled in INDIA. My query is how to transfer the property rights FATHER'S NAME TO to Indian RESIDENT daughter & make her to sell the property at her will & wish. What are the deeds to be prepared by Overseas son & daughter. Is there any possibility to transfer the property rights BY ALL EXISTING SON & DAUGHTERS to grand children either Nephew or niece? what could be the stamp duties & registration charges in the state of telangana?
In the given situation, you are required to register a relinquishment deed with all existing sons and daughters of the deceased,or you can transfer all your shares into her favour by a way gift deed.
What is the difference between a release deed and a sale deed?
Sale deeds are purely commercial transactions that require consideration and stamp duty.
Which is better partition deed or release deed?
The partition deed takes place between family members based on an agreement. The release deed gives up the right to the property. Release deeds with consideration are possible, since the daughters and wife only expect money. 10-Apr-2021
Is release deed enough proof of ownership?
Release deeds are used to transfer ownership and rights of immovable properties. They can only be valid if they have been signed in front of witnesses and stamped and registered. 16-Feb-2022
What is meant by release deed?
A deed release is a document that legally releases a claim to an asset. It is a legal document that documents the release of a contract. When a lender transfers title to real estate after the mortgage is paid, he may include a deed release.
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