Possession deed

prakash (Querist) 04 March 2014 This query is : Resolved
Dear sir my mother has gifted me 20/40 site it has been registered.now my brother and my sister wants the built up house 23/40,23/40 each as gift,so my mother is ready to give gift 23/40 to my brother,and renaming 23/40 must be in my sister and my mother jointly.what is the best advise for joint registration in which my mother must have a control of 23/40 until her last breath,if the share is not equally distributed can i challenge, in the court or not,the property is self earned by my mother.kindly advise.

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adv. rajeev ( rajoo ) (Expert) 04 March 2014
Let them built a house in the site. Your mother can exeucte the will in favour of your brother and sister. Will comes in to operation only after the death of testetor.

ajay sethi (Expert) 04 March 2014
will is best option . gift deed would attract 2%stamp duty on market value of property

R.K Nanda (Expert) 04 March 2014
agree with experts.

Rajendra K Goyal (Expert) 04 March 2014
Agree will is better, gift deed attracts stamp duty and the donor can not have any control over the gifted property after gift.

Guest (Expert) 04 March 2014
Well advised by all above experts

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