Affidavit n gift

Querist : Anonymous (Querist) 06 January 2012 This query is : Resolved

Is Affidavit of Exam in Chief taken on court's record as evidence?
Gift of property is allowed to the blood relatives; but the questions is whether the donor/donee will be required to pay court fee on it? if so, how much? Which one is better a sale deed or a gift deed?

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ajay sethi (Expert) 06 January 2012
1) yes . examination in chief can be by means of affidavit

2) yes gift is allowed for blood relatives .

3) for gift document has to be stamped and registered .

4)if there is no consideration changing hands gift deed is better

Sankaranarayanan (Expert) 06 January 2012
i do agree with mr sethi

prabhakar singh (Expert) 06 January 2012
Is Affidavit of Exam in Chief taken on court's record as evidence? YES IS THE ANSWER.

Gift of property is allowed to the blood relatives??YES IS THE ANSWER.

but the questions is whether the donor/donee will be required to pay court fee on it? YES IS THE ANSWER,NOT COURT FEES BUT STAMP DUTY /NON JUDICIAL PAPER.

if so, how much? ACCORDING TO STATE LAW.VISIT SUB REGISTRAR OFFICE OF AREA WHERE PROPERTY IS.

Which one is better a sale deed or a gift deed? ANSWER:IF MONEY HAS TO BE PAID THEN SALE DEED ,IF IN BLOOD RELATION WITHOUT MONEY,THEN GIFT DEED.
IN BOTH CASES REGISTRATION IS REQUIRED FOR ALL OTHER THAN MUSLIMS WHERE GIFT MAY BE ORAL ALSO.

Rajeev Kumar (Expert) 06 January 2012
I agree with experts

M/s. Y-not legal services (Expert) 06 January 2012
am also agree with mrajay and prabhakar sir..

-tom-

Raj Kumar Makkad (Expert) 06 January 2012
I have also similar reply as of all experts as there cannot be any separate reply to your queries.

Deepak Nair (Expert) 07 January 2012
Rightly advised by experts. Nothing more to add.

Querist : Anonymous (Querist) 07 January 2012
Thanks you all. Very comprehensive and concise! Great...

Devajyoti Barman (Expert) 08 January 2012
yES IS THE ANSWER FOR BOT OF YOUR QUERIES.

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