Wife bought a property on mother's name want to transfer the property
06-Aug-2023 (In Property Law)
We are NRIs living abroad. My wife purchased some plots of land in her mother’s name. We now want have those plots of land transferred in our name. What are our options? What is the best way, most cost / tax efficient way to do this? Any advice would be greatly appreciated. Thank you.
If your mother alive then in India your mother execute sale deed in your favor this step are so costly. And second thing is your mother execute gift deed in your favor this step is best for you. And one and last cheep and best your mother execute will deed in your favor. Last two step are best for you
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- Grandfathers property sold out by the grand daughters.
- Gift deed from mother to son but paid in cash the property value
- Cancellation of registered agreement to sell
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