Shashishekhar (Doctor) 21 September 2015

Gift deed

I acquired an immovable property through a gift deed from my mother which is registered in my name and katha is in my name. Now, can my children get the right of the property like an ancestral property OR is it considered like a self acquired property where in I have absolute right to do whatever I want namely sell, gift or donate or use it for my own use without intervention from the children.

Reply Follow

5 Replies

Kumar Doab (FIN) 21 September 2015

It becomes your self acquired property.

saravanan s (legal advisor) 21 September 2015

if no condition regarding the inheritance of property is specified in the gift deed the property is considered to be your self aquired property only

SIVARAMAPRASAD KAPPAGANTU (Retired Manager) 22 September 2015

Without examining the Gift Deed and how it is worded, it cannot be clarified off hand. Please go through the deed and you will find whether you can enjoy the property unfettered including right to mortgage and sell.

Dr J C Vashista (Advocate) 23 September 2015

It is your self-acquired which you can dispose it of at your will and your children shall inherit in succession (but not ancestral) if you do not execute any document.