Cancellation of registered gift deed

Dyaneshwar Kirtiwar (Querist) 04 November 2009 This query is : Resolved
My father transferred his flat to me by executing a gift deed and the same had been registered with the sub registrar about a year ago. But till date we haven't submitted the documents in the society. Now we wish to cancell that gift deed so that the ownership of the flat remains with my father. Please suggest what is the procedure. Do we have to pay the stamp duty once again? Will it be valid if we execute a mutual documents stating that the gift deed is cancelled and I provide my NOC and register these documents with sub-registrar?

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adv. rajeev ( rajoo ) (Expert) 04 November 2009
deed of cancellation should be regd., I think minimu fees for it.

Raj Kumar Makkad (Expert) 04 November 2009
If deed has not been executed and still ownership and possession remains with the original owner then it can be rescind with the consent of both and nominal stamp fee is required on such deed of cancellation.

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