Transfer of property from father to daughters

967 votes

Yes. Every land owner has their right to sell/gift/ any kind of transfer in favour of anybody, like to his spouse/daughter/son/grand children or any other third person. No POA is entertained in case of gift which is ruled by the Hon'ble Supreme Court of India. Though it can be registered in our local registry office till now. But the deed can be challangable also.
thanks.

Advocate Diptiman Pal LawRato

959 votes

A gift can be done directly whereas a gift through power of Attorney isn't advisable for possible future vulnerability; however registering a gift is not that expensive; a gift between the blood relation carries the minimum stamp duty of 0.5% of the market value that will be assessed by the Government and every transaction of transfer of property carries a standard registration cost of 1.1% of the market value that will be assessed by the Government. Accordingly you shall have to pay 1.6% duty over the market value of the property to the Government. All the best and regards.

Advocate Ujjal Kumar Ray LawRato

706 votes

In my opinion your father can transfer his selfacquired property to any one during his life time by way of registered gift deed or will. But without detail discussion proper consult is not possible.

Advocate Dhrubaraj Bhowmik LawRato