LawRato

Procedure for transfer of property to avoid any problem later


01-Aug-2023 (In Property Law)
we have a property purchased on mother in law name and is registerd on her name. now what is the best wat as per prevaling laws to transfer the propert on my wife that is daughter (mother to daughter) to avoid any complication of property at later stage
Answers (4)

Answer #1
944 votes
If you want to transfer the property to your wife name or your name you either given gift deed to your mother or released deed ,,,, its simple way to transfer the property ,,,,,,,,,,,,,,,,,,,,,,
Thanks
Answer #2
524 votes
You have to options.one is get executed a registered gift deed in favour of your wife and another is transfer the land to your wife through registered sale deed.avoid execttion of will.make note that document should be registered.
Answer #3
545 votes
The best way to transfer the property is by way of will subject to the condition that the property should be self acquired property or property received to your mother by way of will or gift. If both the conditions satisfied then your mother in law is entitled for transfer the property by way of will. The shall be registered to avoid any chaos.
Answer #4
802 votes
Sir, as per ur statement s u have purchased property in the name.of mother in law ,know as ur quiry ,ur mother in law have right to transfer the property in the name of ur wife by registerd gift or by sale.,in gift stamp duty is less then sale ,rest.on vis a wise

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.

Report abuse?

Comments by Users

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."