Sell property which is settled on my name
TKN
(Querist) 28 December 2015
This query is : Resolved
Sir,
My father had a property in chennai suburbs and he has written a settlement deed (as a gift) in my name couple of years back. I am the only son with no siblings. My father is still alive and the patta is on my father's name.
I am planning to sell that property now. Would I be able to sell that with the current documentation ? Please advice
Thanks
TKN
Adv. Yogen Kakade
(Expert) 28 December 2015
Hi,
Whether the gift deed you have mentioned is registered? If yes.. then get the mutation done for the revenue records and get your name mentioned as a owner of the property. and then you will be able to sell that propety.
Adv. Yogen Kakade
Jurycon Incorporation
Advocates & Consultants
Email: juryconincorporation@gmail.com
Web: www.juryconn.in
Chanchal Nag Chowdhury
(Expert) 28 December 2015
If it is a Gift U can but in case of settlement deed, it will depend on the terms of settlement.
Sudhir Kumar, Advocate
(Expert) 28 December 2015
You are not the owner till father is alive. So you cannot sell it.
Do not annoy your father. he can change will any time anywhere, before he dies.
Kumar Doab
(Expert) 28 December 2015
Agreed with Mr. Kakade and Mr. Chowdhary.
You may show the document in your hands to an able counsel specializing in such/family/property/civil matters, and understand your options.
TKN
(Querist) 28 December 2015
@Yogen Kakade sir, Yes sir, it is a settlement deed with no extra clause written and it is registered as well.
@Sudhir sir, Sorry to say that I'm not annoying my father, rather the location is under-developed and I don't want to keep it idle.
Thanks Kumar and Choudhury Sir.
H.M.Patnaik
(Expert) 28 December 2015
AS per ur reply , it is a registered Gift Deed which you are talking about, u r free to dispose off the same.
Kumar Doab
(Expert) 28 December 2015
Produce the gift deed to get title in your name.
Once you attain rights equal to that of owner, you can execute the rights of an owner.
lean on your bale counsel to get everything done properly.
Dr J C Vashista
(Expert) 30 December 2015
Is it a Gift Deed or Settlement Deed, you have confused your query.
However, in both the cases you are valid titleholder and can dispose it off, if the same is registered.
K.S.Srinivas
(Expert) 31 December 2015
I go with the expert Dr.J.C.Vashista.
Dr J C Vashista
(Expert) 01 January 2016
Dear Experts,
Wish you all a very happy, healthy and prosperous new year.
Regards
Dr. J C Vashista, Advocate
email: majjagdish@yahoo.com
+ 91 98911 52939
TKN
(Querist) 01 January 2016
Thanks you all and wish you a very happy new year 2016
