Nikhil 24 March 2023
My sister owns a flat in Chennai and wants to transfer the ownership to me(her brother). I checked with one of the property agents here, he mentioned a settlement deed will be suffice to transfer the ownership. Can anyone please guide if a settlement deed will be sufficient or should we register a gift deed?
Shashi Dhara 24 March 2023
In lok Adalat compromise .
Real Soul.... (LEGAL) 24 March 2023
She can make a gift deed, However in the settlement deed you have to settle the property against something.
Advocate Bhartesh goyal (advocate) 24 March 2023
Get executed registered gift deed.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 24 March 2023
Gift deed is good. In settlement deed, you have to pay stamp duty on market value of your property. However, in a gift deed can be executed for your own family i.e in blood relation i.e son , daughter, brother sister etc . very less stamp duty is chargeable
kavksatyanarayana (subregistrar/supdt.(retired)) 24 March 2023
Yes. A gift deed is a better one.
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