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Queries regarding transfer of ownership through gift deed
25-Feb-2023 (In Property Law)
My father is looking to gift deed a house in vadodara to me and my sister. I want to know if once the registering is done are we the sole owners? Do we need his signature if we want to sell it? Also would stamp duty be applicable for transfer? How much? We are Hindus.
for registration of gift deed you need to pay registration charge 4.90% as per the jantri value and registration cahrges, after registration of the gift deed you need to mutate the entry in government records on the basis of the gift deed, then after you are the sole owner of the property and there is no need of the signature of your father to sale the property in future....
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Adv. Aliasgar Zabuawala
Ahmedabad | 25+ Answers
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Stamp Duty is applicable in case of Gift Deed. The property gifted to the persons are the owners of the said property after due registration. Thereafter your father's signature is not required.
Adv. Suneeta Shukla
Adv. Suneeta Shukla
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Adv. Suneeta Ramesh Shukla
Ahmedabad | 100+ Answers
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