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Procedure for creating Gift deed in Maharashtra


14-Jan-2023 (In Property Law)
After my grandmother wish my father is making Gift deed for residential and commercial property. My grandmother have 1 Son (My father) and 2 Daughter(1 is living with her child in my grandmother house from her marriage and is against us for property and 1 is married and living with her husband). Currently please tell what are thing my father need to care while creating gift deed and how to make it strong so that no one can challenge it even after grandmother.What is will be cost or any option to reduce cost of documentation. This is my grandmother own property ,its not inheriting property.
Answers (3)

Answer #1
961 votes
1. Already property is in possession of the donee. 2. Mentally and physically fitness Medical certificate from M.D.(doctor ). Of your father. And attached when you registered gift deed. 4. No any other gift deed or will deed regarding this property was executed by your father. If it's appear in future that document was false is necessary to write in your gift deed. 3. 500/- Stamps 1000/- Registration fees and 1% on valuation is compulsory.
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Advocate Lalit Prakash Vaidya

Adv. Lalit Prakash Vaidya

LawRato Aurangabad, Maharashtra | 25+ Answers
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Answer #2
661 votes
As you said that the property is owned by grandmother, she can gift it to your father and since the gift will be from mother to son , registration and stamp duty is nominal amount. And if gift is done by registered document as per law, it can not be challenged.
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Advocate Mukesh Vasant Shinde

Adv. Mukesh Vasant Shinde

LawRatoThane | 400+ Answers
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Answer #3
979 votes
Your grandmother by way of gift deed can transfer property to your father. It is very low cost charge can be achieved because gift stamp duty is very low if gift deed is in family. And also your grandmother can make her will . By way of Registered will property of grandmother can be transferred after your grandmother's death to your father. If property is in the name of your father then it can be transferred through gift deed.
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Advocate Sandeep Shamrao Pingale

Adv. Sandeep Shamrao Pingale

LawRatoMumbai | 400+ Answers
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