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Transfer of land from father to son
26-Aug-2023 (In Family Law)
Sir
I have a doubt
My father wants to gift a plot of land to me
Option 1
I plan to take it in names of myself, my wife and my only daughter as a HUF
Option 2
Only in my name as son
To get registration done as
Gift deed / gift settlement deed...at sub register office...at low charges and also to reduce taxes in future if land is sold
What are pros and cons?
See
If the paposed property is the self acquired propertynof your father, he can gift you.
The question of HUF arise when the proeprty is of ancestral property.
The charges for gift registration is very much lower side.
Once the gift was done you become the absulute Owner of the said proeprty with all right. Then only you can go for sale.
Regarding the process as you asked, better you contact any counsel with records or interested can contact us also. After goimg through the documents of titile only can give you detaild solutions.
If the paposed property is the self acquired propertynof your father, he can gift you.
The question of HUF arise when the proeprty is of ancestral property.
The charges for gift registration is very much lower side.
Once the gift was done you become the absulute Owner of the said proeprty with all right. Then only you can go for sale.
Regarding the process as you asked, better you contact any counsel with records or interested can contact us also. After goimg through the documents of titile only can give you detaild solutions.
Helpful?
Adv. M Lakshmikanth Arya
Bangalore | 500+ Answers
CONTACT NOW
u can register in ur name and in ur wife name Also for gift deed the registration will be less
while u go for other kind of registration the registration charges WIl be more
u can get registered on u or ur wife or ur daughter or else can be registered in all the names it wil be joint property than
while u go for other kind of registration the registration charges WIl be more
u can get registered on u or ur wife or ur daughter or else can be registered in all the names it wil be joint property than
Helpful?
Adv. Anil Kumar
Bangalore | 100+ Answers
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