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Procedure for Gift deed cancellation
29-Nov-2023 (In Documentation Law)
My father is trying to revoke the gift deed done in favour of mom, which is registered deed. We have family disputes. So, if it happens we become totally helpless. What can be done now?
) once gift deed is made you are 50%owner of property . title of property passes on from donor to donee .
2) cancellation of gift deed can be made with mutual consent of parties .
3)deed of cancellation has to be executed in this regard duy stamped and regsitered .
4)before you go in for cancellation please check whether other banks will sanction loan
5) since your wife is home maker no bank will sanction loan as she has no repayment capacity .
6) hence you have to be co applicant and for that property has to be in your name as co owner atleast
2) cancellation of gift deed can be made with mutual consent of parties .
3)deed of cancellation has to be executed in this regard duy stamped and regsitered .
4)before you go in for cancellation please check whether other banks will sanction loan
5) since your wife is home maker no bank will sanction loan as she has no repayment capacity .
6) hence you have to be co applicant and for that property has to be in your name as co owner atleast
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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