A mother wants to give a property to her 3 children. Which one is recommended, a gift deed or a deed of settlement with regard to stamp duty and registration charges.
Ramesh NR 03 April 2024
A mother wants to give a property to her 3 children. Which one is recommended, a gift deed or a deed of settlement with regard to stamp duty and registration charges.
kavksatyanarayana (subregistrar/supdt.(retired)) 03 April 2024
As the property is the mother's, she can execute a Gift (settlement) deed in favour of 3 children.
T. Kalaiselvan, Advocate (Advocate) 03 April 2024
The settlement deed is cost effective in terms of the stamp duty and the registration charges compared to the gift deed.
Dr. J C Vashista (Advocate ) 04 April 2024
Stamp duty is a State subject which differ from a State to another, where does the mother or property is located ?
Real Soul.... (LEGAL) 04 April 2024
Either gift deed or registered Will , and Will is better that keeps the rights of testator safer
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