Gift deed
v Patil
(Querist) 25 March 2024
This query is : Resolved
Can my mother who owns a 4500 sq ft plot in baner city, pune ; divide that single plot in 5 parts keeping one part for herself and donate remaining 4 parts to her 4 daughters by a single gift deed by registering that deed ?? Will such a gift deed made be counted as valid one ,???
kavksatyanarayana
(Expert) 25 March 2024
The property is owned by your mother and hence she can do as she wishes and the gift deed to her daughters is valid.
T. Kalaiselvan, Advocate
(Expert) 26 March 2024
Your mother can transfer her property to anyone by mode and design she may think fit.
Instead of a gift deed she can execute a registered settlement deed by making different schedules to be allocated to each accordingly.
Advocate Bhartesh goyal
(Expert) 26 March 2024
Yes, your mother being absolute owner of property can transfer/gift to anyone as per her wish.It will be more better if she execute registered family settlement deed in this regard.
v Patil
(Querist) 26 March 2024
Thank u all experts for ur valuable replies .
