Puchase / Gift of property to institutions
PrnBCRBant
(Querist) 14 March 2010
This query is : Resolved
Dear Sir,
My client wants to donate his agricultural property to a church & the church is willing to receive the property. now my query is there any bar / limitations under the Karnataka Land Revenue Act 1964 or the Karnataka Land Reforms Act,1961 for the this transaction. whether the church can accept the agricultural lands & can it be registered in the concerned Sub Registrar's Office. 2) if yes, which type of document is beneficial to either parties, whether it is Sale Deed or the Gift Deed?
Raj Kumar Makkad
(Expert) 14 March 2010
1. There is no legal hurdle to transfer such land in favour of church.
2. Gift-deed.
PrnBCRBant
(Querist) 15 March 2010
Dear Sir,
Thank you very much for the suggestions, still i have one doubt whether the property to be donated to church should that be Non-Agricultural or whether it should be converted property?
whether the donee should be an agriculturist?
Gulshan Tanwar
(Expert) 20 March 2010
You can donate it through the help of sec.122 transfer of property Act and also due to sec.25 Indian Contract Act.
Just prepare three things:
1. Affidavit for the gift;
2. Gift Deed and
3. Relinquishment Deed
Total stamp duty will be 1% of the value of the property and if that has been exempted property then god luck but also got it attested from the area SDM office for future purposes.
PrnBCRBant
(Querist) 23 March 2010
Dear Sir,
Thank you very much for bringing out new ways of transferring, but my particular point is about Section 79B of Land Reforms Act - Prohibition of Agricultural lands by certain persons of Karnataka Land Reforms Act, 1961. In other words, Transfer & Registration can be done but whether the transfer will be valid in law & will the RTC etc. will be transferred or not.
