Dear Sir,
My father has a property and now he wants to gift it to my two sisters- in- law. I wanted to know procedure regarding this matter.
Pinky Dey Rakshit (Office In Charge) 31 January 2011
Dear Sir,
My father has a property and now he wants to gift it to my two sisters- in- law. I wanted to know procedure regarding this matter.
A V Vishal (Advocate) 31 January 2011
If the property is self acquired then he can gift it in favour of your Sister in law. The gift deed needs to be registered.
adv. rajeev ( rajoo ) (practicing advocate) 31 January 2011
By executing the regd., gift deed he can gift the property, if it is his self acquired property.
Swami Sadashiva Brahmendra Sar (Nil) 31 January 2011
Following procedure is to be complied with for a valid gift deed:
1. must be signed by two witnesses,
2. possession must be delivered
3. must be registered
In absence of any of above actions gift deed will be invalid.
Bharatkumar (ADVOCATE ) 01 February 2011
self acquired propety so he can gift this property by Gift Deed.
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