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Can I buy the gift deed property
12-Aug-2023 (In Property Law)
Respected sir/madam,
Myself Suresh, i want to buy a property which is recently gift deed registered (one month) before on july 2020 from donor (husband) to his donee (wife). Now his wife want to sell that gift deed registered property.
Can I buy that plot or not.
Note: She is saying that, on registration time her husband will put witness signature.
I have perused the contents of your query and would advise you to seek a detailed consultancy from a lawyer having expertise in property matters. Certain documents needs to be perused before giving an opinion
Helpful?
20+
20+
Adv. Anubhav Kathuria
Delhi | 500+ Answers
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What is the cancellation period of gift deed?
Article 59, Limitation Act of 1963, states that a person seeking to cancel the Gift Deed (the plaintiff) will have three years to act from the date he or her learns the facts which entitle him or her to do so.
Can property received by gift deed be sold?
Yes, the property that is the subject of a gift deed can be sold. However, it must be registered according to the laws and without any conditions. The gift deed should be registered in the name of the recipient because it has the same value as a sale.
What is the validity period of gift deed?
The Gift Deed is valid for life when the donor transfers an immovable or mobile property. Only in the special circumstances listed in this article can it be terminated. Gift Deeds are valid even if a donor dies immediately after gifting a property.
What is the time limit for gift deed execution?
Do I have a time limit to contest a gift deed? Gift deeds can be challenged for up to 3 years after the date of execution, or the date the donee learns about it.
Yes, you can buy the property without any issue. but I would recommend you to purchase the property after being satisfied with the proceeds of the property with the guidance of the expert. Once the history sheet as to no encumbrance to the property is clear, there will be issue as to purchase the property on the basis of gift deed
Helpful?
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Adv. Yuganshu Sharma
Delhi | 400+ Answers
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Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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