Buying property from mother

Dear Santosh,

My answer is Yes.

But stamp duty is more for registration of sale deed.  Rather let the mother execute a registered settlement deed in favour of son, in which case, the stamp duty will be comparatively very less.

Thanks for the clarification. So that means, it is legal to buy a property by son from mother. So technically Banks will provide home loans against it right ?

I think, if it is settelment deed, bank will not give loan.  But if it is sale deed (where stamp duty is higher), loan may be provided

I disagree with Mohankumar.

Bank verifies whether applicant has valid and marketable title or not.  Transfer of property can be validly made through Settlement deed and it passes legal title.

You need not doubt about it.

Thank you Mr. Sridhar for correcting