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Procedure to transfer the property by the father of the owner
20-Sep-2023 (In Property Law)
A and b are real brothers purchased a property 10 year ago. A died after death of A their mother died but their father is still alive.A 'son and B want to seperate other property along with this property.B has agreed to give the said property to A against any other property .what is the best way to transfer to A's son. Can a transfer deed be done if B transfers his share to his father and father can transfer to his grand son (A).Hindu religion
As per your query it seems that property was jointly purchased by Aand B , if that is the case then B can relinquish his rights in favour of A'son exclusively or he can show some consideration that he has sold his property to the sons of A. And if the property was acquired by the father of A and B in that case he can execute will giving exclusive right to them by agreeing to other condition.
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Adv. Suneel Kumar
Delhi | 200+ Answers
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You may chose any of the modes, however, a Gift Deed appears most appropriate. Also the State laws may come into play, so depends in which city are the properties located. The mode of transfer stipulated by you also may be a possibility.
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Adv. Shohit Chaudhry
Delhi | 25+ Answers
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Dear querist,
You may even execute a gift deed in favour of A's son as this is legally valid and as well as the charges for registration and stamp duty would be less in comparison to transfer .
You may even execute a gift deed in favour of A's son as this is legally valid and as well as the charges for registration and stamp duty would be less in comparison to transfer .
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Adv. PS Sridhar Raj
Delhi | 25+ Answers
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