My father bought a property with his money & gifted/registered it in my name when I was 18yrs old. Does he have any rights on this property? Can he claim it back?
My father bought a property with his money & gifted/registered it in my name when I was 18yrs old. Does he have any rights on this property? Can he claim it back?
Ajit Singh Cheema (practising Advocate) 06 December 2012
Once a gift is complete,the same cannot be rescinded ,for any reason whatsoever ,the subsequent conduct of a donee cannot be a ground for rescission of a valid gift .
K.K.Ganguly (Advocate) 06 December 2012
1. Has he gifted the property to you or purchased the property and registered the same in your name?
2. In both the cases you are the owner.
H.M.Patnaik (Proprietor) 06 December 2012
In light of the limited info given in the query, it is understood that the property in question was duly registered in your name and by that time, you are a major in the eyes of law be it through a regular Sale Deed or a Gift Deed.
In this background of the matter , Your apprehension regarding loosing control over the said property is unfounded.
Regards
P. Haramohan
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