Gift Deed to son-in-law

Best way to get gift deed from your mother-in-law.

Dear Mr. Chandra,

Initially if you want to hold the agricultural property you should be an agriculturist as per the Karnataka Land Reforms Act.  Then only you can purchase/hold  the agricultural property.

In that case :

step No.1: your mother in law convey the property to your wife i.e., her daughter  by way of registered  Gift Deed.

 Step No.2:  Then your wife will become absolute owner of the property,  then your wife can convey the property to you by way of Gift Deed .

in this transaction you can reduce registration cost as well as stamp duty.

Regards

Suresh.N.V.

U and your mother in law are also agriculturist so your mother in law registerd a gift deed in your favour. Accual Stamp duty and Registration fee pay at that time. 

Thanks to all for the very good response, after seeing these I have below questions in my mind.

1.     I have a land on my name in my village, which was from my father as we are agriculture family. Can I hold the land based on this?

2.     I read somewhere "one cannot gift the property which was received as gift" is that true?

3.     As of now I am not an Agriculturist by profession. But I wanted to do farming, which is aspiration, is there deviation in the law to hold the land?

4.     Can I buy a property anywhere in the state (Karnataka), if I want to. Is there any restriction that person has to live in the vicinity and should have address proof to get the registration?

Thanks in advance........