Registered gift deed

Madhukeshwar (Querist) 25 November 2017 This query is : Resolved
My father made a Registered gift deed of a property on my name which was mortgage in chit fund in 2015. Now in 2017 he cleared his loan and made loan release deed. Is the old gift deed is valid? If not should I re-register the the gift deed. Pls advice
It's my father's self earned property

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Madhukeshwar (Querist) 25 November 2017
Valid of a gift deed

Guest (Expert) 25 November 2017
There should be No Issues Please.Obtain an up date EC and confirm it with concerned Registrar.

Ms.Usha Kapoor (Expert) 26 November 2017
Now that loan is cleared or repaid or mortgage debt repaid the mortgaged debt redeemed. the original original property which was subject to mortgage debt got redeemed. No fresh gift deed registration is necessary. As my learned friend Mr..narasimha advised you update with 12 years EC to clear your title and make it strong.

Ms.Usha Kapoor (Expert) 26 November 2017
If you appreciate my answer please give me likes.

Madhukeshwar (Querist) 26 November 2017
Thank you Ms. Usha kapoor and narasimha sir for your valuable advice.
Regards
Madhukeshwar

Dr J C Vashista (Expert) 28 November 2017
You have stated that your father executed and "registered" a gift deed of a hypothecated property which has subsequently been released, which I find the property had a claim over the property on the date of registration of said "gift deed", which is invalid.

Dr J C Vashista (Expert) 28 November 2017
Some impersonating expert is waiting to collect and accumulate another "dislike" from the author, which I am sure the "ungrateful" person shall NOT oblige.

Guest (Expert) 28 November 2017
Thanks and Welcome Mr.Madhukeshwar

Guest (Expert) 28 November 2017
I once again repeat there could be No Issues once the mortgage is cancelled and presently your self would be the absolute owner of the concerned property. First obtain the EC and confirm my opinion with the concerned Registrar please

Madhukeshwar (Querist) 09 December 2017
J form not yet reached the municipal council...once reached will reduce the mortgage name and will apply for fresh EC

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