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Procedure to transfer self acquired property to son's name


29-May-2023 (In Property Law)
My father is 68 years old and my mother is 60 year old.My father has 4 children’s .I am one of the son & my brother and two sisters (married).We have one house and father wants to reconstruct that house & make flat system building .which will be consists of 6 flats. This house is self acquired property of my father.My father wants to give his property to sons (50%, 50%) and not to sisters. So how my father can transfer his property to me.What is the appropriate & less expensive and legal way that my father can fulfill his decision and simultaneously I will not facing any problem in future from anyone?
Answers (2)

Answer #1
684 votes
If your property is in Maharashtra then your father can gift it to you and your brother and it will not require any stamp duty for registration of the gift deed as per the rules and regulations in Maharashtra. You have to register the gift deed in order to save yourself from any problems in future. For any further clarification kindly book a consultancy call.

Answer #2
903 votes
Your father can gift you 50% by way of gift deed and affidavit cum no objection from other legal heirs i.e. your brother and two sisters, You can contact me for drafting gift deed and affidavit cum no objection.

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