LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Vineet Nandi (service)     24 February 2023

Gift deed transfer

Hi, There is a flat in cooperative hsg society in mumbai in the name of my grandfather and my aunt. My grandfather name is first and my aunt name is second on share certificate as well as on sale deed agreement. My grandfather has done a gift deed of his 50% share of immovable property in my name and it is registered with registrar's office and stamp duty is paid in 2022. Following is my query:

After society transfers the said 50% (as per gift deed) to me, whose name will come first and whose name will come second. I mean, my name will come as a first as i am replacing my grandfather share or my aunt name will become first and mine will become second.

 

Thank you for your time.
 



Learning

 1 Replies

T. Kalaiselvan, Advocate (Advocate)     24 February 2023

The addition to the share certificate will always follow the existing list.

Therefore once your grandfather's name is deleted then your name will be added to the share certificate.

Whatever, since you have an equal share in the property, the sequence of the name will not make any difference and the co-sharer cannot dispute over your share in the property for any reason. 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register