Gift deed in bangalore, karnataka

Dear Manoj,

1. I will suggest that you get the gift deed drafted by a competent advocate.

2. The gift deed once signed by both is deemed to be executed, it will be non judicial paper but franking, echallan etc of other modes of payment may be employed to pay stamp duty.

 3. Registration fee and Stamp Duty differ in various states, in Maharashtra former is 1% subject to maximum RS. 30,000 and latter is 2% without any cap on market value.

4. Attestation is not required, affidavit, indemnity poa etc are required to be notarized.

5. Khata Transfer can be done by your son himself.

6. Apply iwth registered will certified copy and index -2, .

7. Which Title Deed? the gift deed itself is the title deed.

8. The Donee.

9. Same as above at 8.

Mr. Akhtar Ali Sheikh, thank you for your very informative reply. I have a few doubts (though you might have already replied these partially). Kindly do reply:

1. Once the Gift Deed has been executed & registered with sub-registrar, can I apply for Khata in donee's name? What documents need to be attached?

2. Do I need to obtain Encumbrance Certificate from Sub-registrar before applying for Khata? Normally, how many days it takes to get EC in Bangalore?

3. Do I need to register property once again with sub-registrar after obtaining new Khata in Donee's name? What charges are to be paid (registration & stamp duty)? Should charges be paid in cash or through DD (in whose name the DD must be made)?

4. Normally how many days it take to get process (in step 3) completed in Bangalore?

5. Can any of the above procedure be completed through SAKALA in Bangalore?

6. I hear term Title Deed. What is the difference between Title Deed & Sale Deed? I have sale Deed for my property (received at the time of purchase of property) but do not remember of receiving any Title Deed?

Your quick replies will be very helpful.