430+ Lawyers are online 
Mother to son gift or transfer property
06-Nov-2023 (In Property Law)
Me and my mother jointly purchase property in dombivali KDMC now my mother give his part to me by division our family property
How can I do this
Gift deed or realease deed or transfer deep
Which one is cheapest and how much stamp duty registrar charges
If your mother and you are joint owners of the said property having 50% share each then if monetary consideration is not involved and it is due to natural love and affection that your mother wants to transfer her 50% undivided rights in your name,then Gift deed is the best option. Stamp duty and registration charges are nominal but you have to pay 1% metro surcharge and 1% LBT on the ready reckoner value of the said 50% undivided share of your mother for gift deed in KDMC.
Helpful?
Adv. Mukesh Vasant Shinde
Thane | 400+ Answers
Chat
Can I give a gift to my daughter-in-law?
What is the maximum amount of money I can give my son and daughter in law without causing a tax problem with the IRS. You can give each of your children $17,000 in 2023 without worrying about the IRS. Even if you donate more, you will not have to pay taxes now. 27 Oct 2023
Is daughter-in-law eligible for gift deed?
Anyone can give anything, including money, to anyone. Gifting movable property requires a gift deed that must be registered. 15 Oct 2020
Can father-in-law give money to daughter-in-law?
According to section 56, the amount of the gift received from relatives (husband or father-in-law or mother-in law) will not be taxed.
Can property be transferred to daughter-in-law?
The daughter-in-law has no claim to the property acquired by her in-laws, whether it is ancestral or self-acquired. Upon the death of her spouse, i.e. As a widow she is entitled to the property that her husband left behind.
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.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
