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Property or Daanpatr

(Querist) 07 November 2015 This query is : Resolved 
Sir I am Rly employee, my father is retired person, & we are 2 brother & 2 sister. My father want me to give me a plot, so if I do the registery of that plot, than I will be the more expensive so I want to know, are any other way is available that I will be 100% owner of that property ? And in future I will be the sell that property without any problem.?
Devajyoti Barman (Expert) 07 November 2015
Gift deed among family relations attracts lesser stamp duty from any other transactions involving transfer of immovable property.
Dr J C Vashista (Expert) 08 November 2015
In some of the states the stamp duty amoungst family is lesser for gift deed, however, it is same for all in Delhi.
Get the title of the plot transferred in your name by registered gift/sale deed, after paying proper stamp duty, as applicable in your state.
Rajendra K Goyal (Expert) 08 November 2015
He can gift the plot to whom he wish.
alexander (Expert) 08 November 2015
Gift or normal conveyance . Get the property registered with the Registrar. All transfers of property need to be registered to acquire the legal and valid ownership/ title of the property
K.S.Srinivas (Expert) 12 November 2015
Agreed with Sri Alexander.


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