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Gift of immovable property to my daughter
01-Jan-2023 (In Property Law)
I have two daughters. I would like to gift my immovable property to my younger daughter. For getting the Gift Deed registered in Registrar office, the stamp duty payable would be at circle rate or above the circle rate if I want. Kindly confirmIs there any need of getting NOC from my elder daughter as I would be gifting her my second property in due course.
If the property being gifted is your self acquired property then there is no need to get NOC from your elder daughter. As far as your first question is concerned, the stamp duty is payable always at the circle rate only.
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Adv. Rajnish Kumar Singh
Delhi | 100+ Answers
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Can a mother gives all his property to one child?
In India, yes, a mother may give property to her son through a bequest or gift. In India, can a mother give her property to a son? Find out more here: Gift Deed. If a mother wishes to give the property to her son during her lifetime, then she can do so through a gift deed. 18-May-2022
Can mother gift property to daughter without consent of son?
She can gift the 50% of her mother's share, as well as the 50% of her father's share that she received after the death of her husband. 3. You can only give your mother her share.
What are the rights of mother's property to daughters?
A daughter is entitled to the same property as her mother. The Act does not make a distinction between daughters who are married and unmarried. She gets the same rights as her father, brother and sister in self-acquired properties of her mother. 27-Jun-2023
In what situations are daughters not eligible for property?
If the father has not died and the property was transferred to his sons or grandson, the daughters do not have a right to it. If the father has died and the property was transferred by a will, the daughter can challenge the will on any valid grounds. 13-May-2023
You need to hire an expert advocate in this regard. If the property is your self acquired than you can gift the property to anyone in the world !
Thr stamp duty for female would be around 4% of circle rate n 1% registration charges
Plz b in touch
Thr stamp duty for female would be around 4% of circle rate n 1% registration charges
Plz b in touch
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Adv. D. Khan
Delhi | 500+ Answers
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Hello Sir.
This is Adv. Shrikant Samantara. 1) Stamp duty can be calculated at or above Circle Rate. 2) There is no requirement of stated NOC from Elder Daughter.
Further you may put some conditions in the Gift Deed itself, so that may remain financially protected in the coming years. Further “Will” is also a cost effective instrument for transfer of property of which you must be aware.
Feel free to contact for any further queries.
Regards.
This is Adv. Shrikant Samantara. 1) Stamp duty can be calculated at or above Circle Rate. 2) There is no requirement of stated NOC from Elder Daughter.
Further you may put some conditions in the Gift Deed itself, so that may remain financially protected in the coming years. Further “Will” is also a cost effective instrument for transfer of property of which you must be aware.
Feel free to contact for any further queries.
Regards.
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Adv. Shrikant Samantara
Delhi | 100+ Answers
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Yes there might be capital gain in such circumstances, however the same can be easily managed by the CA through property valuation. The entire facts in documenrt will have to be thrown into pool to look the actual effect
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Adv. Deepanshu Garg
Delhi | 100+ Answers
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No there is no income tax implications on that particular gift and no need of any ITR .
Gift deed is dependable on circle rate of that particular area and only registered gift deed through SDM court is valid and you can easily gift your immovable property to your daughter as per the circle rate of your area .
Gift deed is dependable on circle rate of that particular area and only registered gift deed through SDM court is valid and you can easily gift your immovable property to your daughter as per the circle rate of your area .
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Adv. Tarique Naseem
Delhi | 25+ Answers
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You need to pay the stamp duty n registration charges as per the circle rates in this regard ! N for income tax etc you need to b in touch with CA you will assist you further ! Kindly b in touch to understand the legalities
Thanks
Thanks
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Adv. D. Khan
Delhi | 500+ Answers
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