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Can a gifted property be sold to third party
31-Jul-2023 (In Property Law)
I was gifted a part of the property by my mother 4yrs ago with a common passage and common septic tank with my elder sister. Elder sister was gifted the other part just two years ago. I done mutation and put my name in record. Can I sold my property any other third party.
Dear querist,
Yes you can but some declarations and NOCs is needed from your side and also we need to see the gift deed of yours to ascertain whether you can sell your portion or not you need to contact us through Lawrato...
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Adv. Rahul Uday Singh
Kolkata | 200+ Answers
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you can only sell that part of the property which has been gifted to you by your mother to any third party. You are the rightful owner of your part of the property. You cannot sell the other part of the property which belongs to your elder sister.
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Adv. Robert D Rozario
Mumbai | 100+ Answers
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At the time the gift has taken place the ownership of the property is already transferred to you and you have exclusive right to sell, rent, mortgage, gift or any other transfer and can alienate the property to any other third party. There is no bar. Regards
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Adv. Ujjal Kumar Ray
Kolkata | 400+ Answers
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Listen to this loudly Yes, the property received as a gift by a valid deed may be sold immediately. Before that property can be sold, it must first be registered at the Registrar Office. Transfer of Property Act states that ownership can only be absolute after registration.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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