father being owner of certain property stood as coborrower of loan with his son constructed house on 1st and 2nd floor now wants to gift his son the same
1.what has to be gifted entire 1st floor portion x..sq ft describing construction terrace etc
2. is uds applicable does he have to gift uds if 1st floor since it's not an apartment complex
Gift of the mortgaged property is invalid. Whether the loan has been repaid and mortgage redeemed ?
It is advisable to consult a local prudent lawyer for better appreciation of facts/ documents, professional advise and necessary proceeding.
